Thomson Buys Xinhua News; DJ in Play
Shanghai-based Xinhua sold its news bureaus in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul, along with 21 journalists spread between the seven locations, to Thomson Financial for an undisclosed sum. The deal was effective Friday, June 1.
Reuters, which is merging with Thomson Corp., already has bureaus in all seven cities.
Xinhua retains more than 80 journalists across bureaus in Beijing, Shanghai, Hong Kong and Taipei, and will use them to focus on China, where the vendor
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