Thomson Reuters is the world's leading provider of business, professional and media information services, formed in 2008 from the acquisition by Canadian media group Thomson of the storied Reuters news agency, first founded in London in 1851. Key subsidiary brands include Westlaw legal information services and OneSource tax and accountancy systems. However, the group struggled for several years to integrate Reuters' financial data and analysis services, especially in the wake of the global banking crisis, losing ground in that process to key competitor Bloomberg. Performance finally got back on track in 2015, with the first increase in organic revenues since the merger. However, the business has continued to underperform. In 2018, the group transferred majority control of its financial & risk division, including the Eikon news and analysis platform, to private equity investor Blackstone for $17bn. That business now trades as Refinitiv; Thomson Reuters retains a 45% stake. As a result, the remaining group is focused primarily on tax and legal services, as well as the Reuters news division. Group revenues for 2017 were $11.3bn. However, Financial & Risk accounted for more than half that sum. Legal will now contribute two-thirds of revenues for the slipped down business, and Reuters news less than 10%. The Thomson family has a majority stake in the business, and David Thomson is chairman. Jim Smith succeeded Tom Glocer as CEO in 2012. Interbrand include Thomson Reuters as one of the world's most valuable brands in their annual Best Global Brands survey.
Which agencies handle advertising for Thomson Reuters? Find out more from the Account Assignments database.
Who are the competitors of Thomson Reuters? See Media Sector for other companies
Capsule checked 10th December 2018
Recent stories from Adbrands Update:
Adbrands Weekly Update 14th Jul 2016: Thomson Reuters is to sharpen its focus on financial information following the sale of its specialist science and intellectual property divisions to private equity investors for almost $3.6bn. The group will spend around $1bn of the proceeds on a share buyback and the rest to pay down debt and invest in current operations.
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