Reuters profits tumbled 13% to $542 million

Paidcontent.org analyzed operating results from Reuters. Here are bits and pieces of their analysis:

The operating profit was up 14% to ($579 million), and revenue was up 1.5 percent to ($5.16 billion). Reuters media division generated $341 million in revenue, grew 6%. The growth Reuters says was fueled by ‘strong growth in online syndication and advertising.”

Tom Glocer said in his analyst presentations “This is the last we’ll do as a standalone entity ... It feels like Chinese new year here today. The results are a fitting end to this chapter in the Reuters story.”

Glocer said that the new ThomReuters will be a 90% digital business.

http://www.paidcontent.co.uk/entry/419-earnings-reuters-07-profit-dips-on-home-strait-to-thomson-merger/