No matter where you are based in the world, if you listen or read through international news, then you are bound to have come across the name Reuters. An independent news agency founded in 1851, Reuters remains one of the most trustworthy portals of authentic information in this day and age of rapidly traveling news through various digital mediums. The company has its headquarters in London, UK.
|Public, Independent Company
Owned by Thomson Reuters, the 25,000 strong employee base of Reuters consists of over 2500 journalists and 600 photographers spread in several parts of the world. The company generates revenue of close to $6 billion. Given its popular presence in various different avenues of journalism and focus on country-specific news, its competitors are few and far between.
Reuters similar companies:
FactSet, Bloomberg, Dun & Bradstreet, MarketWatch, S&P Global and Dun & Bradstreet.
Who is Reuters Biggest Competitor?
The biggest competitor of Reuters is Bloomberg. It primarily deals in financial and software news, and also dabbles in the publishing sector. The company was founded in 1981 by its namesake, Michael Bloomberg, and his three partners, Thomas Secunda, Charles Zegar, and Duncan MacMillan.
How Reuters Makes Money
The main source of income of Reuters is said to be derived from its online advertising campaign. However, did you know that the company generates more than half its revenue through its collaboration with Refinitiv, one of the largest American international providers of market data and analysis?
There are several news agencies in the market, but Reuters is widely considered to be one-of-its-kind. For one, it is immensely trustworthy, and for another, it is among the dying breed of news portals that actually visit a particular location to assess the news situation and determine its credibility before making the information available to the public.
Bloomberg is based in Manhattan, NYC, and it is basically a private news portal and information research company that produces trustworthy data regarding various financial sectors. However, it is best known for its book publishing sector.
News Agency / Publishing
Bloomberg is best known for publishing interesting stories in both fiction and non-fiction. Its revenue of $10 billion is much more than that of Reuters.
You may have heard about the Dow Jones Industrial Average (DJIA) if you often dabble in the stock market. It provides the latest news, just like Reuters, only that its content is more focused on the financial sector. The Dow Jones company was established in 1885, and it is presently headquartered in New York City, NY.
The DJIA is considered an industry standard for rating stocks and other financial instruments. The revenue of the company is slated to be around the $1.5 billion mark.
LexisNexis is slightly different from the data gathering platforms mentioned here. It provides individual, company-exclusive data-mining apps to customers around the world. Founded in 1970, the company is based in New York City, NY.
Gathering case laws, court documents, sales intelligence solutions, and the likes from all around the world, LexisNexis provides the information to consumers on a subscription basis. Its revenue is around $3 billion.
S&P Global Market Intelligence
You may have heard about this one if you tend to follow Wikipedia articles of different businesses and industries. It primarily provides detailed information about any company’s financial situation.
S&P Global is the premiere portal for determining the growth and development of any business, big or small, in financial terms. Based in Manhattan, NY, it generates revenue of more than $6 billion.
Top 4 Reuters Competitors: Bloomberg, Dow Jones, LexisNexis, S&P Global Market Intelligence. Their combined revenue lies somewhere around the $26.5 billion mark, among their 72,100 employees.
|Manhattan, NY, US
|New York City, NY, US
|New York City, NY, US
|Manhattan, NY, US
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