Reuters Resurrects New Media To Focus On Internet Business


NEW YORK--Expanding the New Media mantle, Reuters is establishing another new business unit called New Media International. The new unit will be housed in the recently formed Reuters Ventures group, which is headed by Jeremy Penn.

The International unit's purpose is to expand the currently US-focused business outside of North America. As such, it will pursue Internet publishing activities in Europe, Asia and Latin America, with the aim of making Reuters "a global brand name for general news

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