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Who Are Thomson-Reuters' Main Competitors?

Thomson Reuters Building in Canary Wharf, London

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Thomson Reuters () is the worldwide market leader in financial data with a broad service range that includes publishing and expert professional advice. The company was established in 2008 when Reuters, a financial information company founded in London in 1851, was acquired by the Thomson Corporation, a Canadian financial information provider.

Thomson Reuters is headquartered in Toronto, Ontario, Canada and has operations in more than 100 countries. It employs over 45,000 people. The company's stock is dually listed on the 澳洲幸运5官方开奖结果体彩网:Toronto Stock Exchange (TSX) and the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange (NYSE).

Key Takeaways

  • Thomson Reuters provides financial information and services to individual investors and businesses worldwide.
  • The company owns news publications and other online financial and wire services.
  • Thomson Reuters was formed when Thomson Corporation purchased Reuters.
  • The company is based in Toronto, Canada.
  • Thomas Reuters' competitors include Dow Jones, Bloomberg, and Pearson, all of which operate in the financial news space with competitive offerings.

Thomson Reuters: An Overview

Thomson Reuters is a media company that relies on indust🅠ry expertise and innovative technology to deliver financial and business information to decisio🔯n-makers in various markets. The company operates in several divisions:

Thomson Reuters also publishes research and offers expert advice in the areas of 澳洲幸运5官方开奖结果体彩网:intellectual property, law, pharma, life sci🎐ences, scholarly and scientific research, andꦕ tax and accounting in addition to its substantial financial division.

The company reported annual revenue of $1.18 billion for 2023. That's a 3% increase from the $1.76 billion reported in the previous year. The bulk of its revenue is generated by the sale of hundreds of thousands of subscriptions to its online 澳洲幸运5官方开奖结果体彩网:financial services. The company also cited robust growth in its Global Legal, Tax, Risk, Fraud & Compliance markets

Important

Reuters traces its roots back to 1851 when its founder Paul Julius Reuter opened a "news and stock price information service" in London. The Thomson Corporation was established with a single newspaper, The Timmins Press (Ontario, Canada), in the 1930s.

Bloomberg

Bloomberg is a market leader in business media. Bloomberg offers real-time financial news, market data, and analysis via Bloomberg Television, radio, and the internet in addition to its syndicated news service an🐽d magazine.

A substantial contribution to Bloomberg’s revenue is generated by the 澳洲幸运5官方开奖结果体彩网:Bloomberg Terminal, a platform that streams and integrates price data, financial information, and news to more than 325,000 customers worldwide.

The company invests a good amount of research into the 澳洲幸运5官方开奖结果体彩网:technology sector, politics, sustainability, and luxury. Bloomberg is a privately held firm. Its revenues totaled $12.5 billion in 2023.

Dow Jones

澳洲幸运5官方开奖结果体彩网:Dow Jones is a leading global provider of financial news and information. The company has a substantial portfolio of newspapers including The Wall Street Journal which was founded by Dow Jones in 1889. The paper's circulation reached an average of about 4.2 million people in 2024.

Dow Jones also owns other business periodicals and services including Barron's, financial news site MarketWatch, SmartMoney magazine, WSJ Magazine, and research service Factiva.

The company is a 澳洲幸运5官方开奖结果体彩网:subsidiary of News Corporation (), a media and information corporation that offers news. It creates and distributes a range of content and other services to the public. News Corporation's other divisions include News Media, Real Estate Services, and Book Publishing.

It's commonly known as News Corp. It reported annual revenue of $9.88 billion for its 2023 澳洲幸运5官方开奖结果体彩网:fiscal year. That figure decreased by 11% from $10.39 billion in 2022.

Pearson PLC

Pearson PLC () is a leader in the global media market with operations in business information, consumer publishing, and 𓆉education. The company was founded in 1844 by Samuel Pearson and is based in London, United Kingdom,

The company's main business groups include:

  • Assessment and Qualifications: This is Pearson's largest segment by both revenue and consumer reach. This division allows users to assess the skills acquired through their professional and educational backgrounds.
  • Virtual Learning: Pearson offers virtual and online learning solutions to people who are in various stages of their educational careers.
  • English Language Learning: The company aims to become a leader in English learning by helping nonspeakers learn and improve their language skills.
  • Workforce Skills: Pearson calls this division a "strategic solutions provider for workforce skills."
  • Higher Education: This segment provides digital learning materials and solutions in North America.

The company reported full-year revenue of £24 million in 2023. That equates to roughly $33 million at a rate of 1.37:1 (USD:GBP).

What Is Intellectual Property?

Intellectual property is a subset of intangible assets that can't be held or touched because they're not physical. Intellectual assets are produced by human intellect as the name implies. Ownership is typically protected by law just as it is with tangible assets like real estate or equipment. Intellectual property includes copyrights, trademarks, and patents.

When Was Bloomberg Established?

Bloomberg was first incorporated as Innovative Marketing Systems in 1986 when it changed its name to Bloomberg L.P. It opened offices in London and Tokyo in 1987.

What Does It Mean When a Company Is a Subsidiary?

A subsidiary is either owned by another company or it's contractually controlled by another company if only in part. The subsidiary operates independently, however.

The Bottom Line

Thomson Reuters is a name known worldwide for its n💟ews publications as well as its services available online. First establishe🃏d in 2008, its mission is to provide current and accurate financial data to investors and businesses. Its stock is listed on both the Toronto Stock Exchange and the New York Stock Exchange.

Always touch base with an advisor to make sure it’s a good fit for your portfolio if you’re new to investing and you’re considering putting some of your dollars into this company.

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