- Reuters News (TRI +1.3%) is headed behind a paywall as part of a new effort to court professional audiences looking for deep coverage on business vertical subject matter.
- That includes a new subscription website at Reuters.com that will charge $34.99/month. It will remain free for a preview period, and will call on users to register after five stories.
- The price of $34.99/month is identical to a mainline offering from business news competitor Bloomberg.com, and comparable to that of The Wall Street Journal at $38.99/month (all prices excluding special discounts).
- Reuters generates about half of its revenue from financial data specialist Refinitiv - previously part of Thomson Reuters before a 2018 transaction selling a majority stake to Blackstone Group. And earlier this year Refinitiv was sold to the London Stock Exchange Group.