Reuters

Reuters

British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. After a period of competition, Reuters and two rival agencies agreed on a division of territory and for many years held a virtual monopoly on world press services. The company remained in private hands until 1925, when its structure began moving toward a cooperative of British and Australasian press interests. In 1984 it became a public company under the name Reuters Group PLC. By the late 20th century Reuters was a world leader in business and financial market coverage. In 2007 Thomson Corp., a Canadian electronic publisher, agreed to purchase Reuters.

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Reuters

news agency; established as telegraphic and pigeon post bureau (1851). [Br. Hist.: Benét, 852]

See : Messenger

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Reuters

a British news agency that specializes in the dissemination of international news. Founded in 1851 by P. J. Reuter, it is located in London. Joint-stock companies of Reuters Ltd. include a number of news agencies in Great Britain, Australia, and New Zealand. Although it is a trust that belongs to private owners, Reuters is in fact a semiofficial wire service of Great Britain.