Reuters’ Glocer Rankles Execs at Bloomberg and ILX Systems


In a presentation and conference call last week, Reuters chief executive officer, Tom Glocer, rankled some of the competition in responses to questions from investors and analysts.

Glocer was asked about pricing and offered some interesting observations. Reuters raises prices at the end of each year to recover inflation. Fair enough. On the subject of competitive prices, he said, "Bloomberg has been quite aggressive at the high end…and has begun discounting, and that is a sign that the combi