Reuters CEO Glocer Looks Forward
FRONT PAGE: CEO CONFIDENTIAL
After a tough four years, Reuters appears to be back on the upswing. While revenue continues to decline, officials point out that the rate of decline is slowing, estimating that revenues will fall by 6 to 6.5 percent in the second quarter. The vendor has continued to launch new products, and sales in May 2004 outweighed cancellations, leading to the most positive sales figures since May 2001 (IMD, June 14).
But Reuters still faces criticism for changing its data network plans and its dominance of
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