Reuters.com to add 'paid services'

Posted by Savita Sauvin on February 25, 2010 at 3:03 PM

Reuters.com will add "paid services" to its web offerings this year Thomson Reuters Markets CEO Devin Wenig said in a conversation with WSJ.com managing editor Kevin Delaney, paidContent reported.

Wenig also revealed that in regards to cannibalisation of its other businesses, "the company would rather have cannibalisation come from within its company than from others."

Following the Thomson Reuters merger, the company is still undergoing integration, and won't be making "massive acquisitions" on it own. However, smaller deals can be expected, like its purchase of Breakingviews, a commentary service, Wenig said.

He also said the company will soon syndicate third-party content. However, the company has no plans to produce local content on its own. Referring to ongoing labor negotiations, Wenig said the company is "not cutting either staff or salaries," but is thinking about structuring compensation.