Printer Friendly

VISNEWS BECOMES REUTERS TELEVISION

 LONDON, Nov. 25 ~PRNewswire~ -- Reuters (NASDAQ: RTRSY) said today it was changing the name of Visnews, its television subsidiary, to Reuters Television following its recent purchase of 100 percent of Visnews shares.
 Reuters Editor-in-Chief Mark Wood said the name change, to be phased in by the end of the year, reflected the rapid integration of Visnews into Reuters organization. Visnews is the world's leading television news agency and services some 650 television networks and broadcasters in 80 countries.
 Reuters acquired full ownership of Visnews this year after purchasing minority stakes held by the National Broadcasting Company (NBC) and the British Broadcasting Corporation (BBC).
 "The name change is appropriate because we are moving quickly to merge Reuters and Visnews operations, greatly extending the reach of our international television reporting network," said Wood.
 Reuters operates 118 reporting bureaus in 75 countries while Visnews has 34 bureaus.
 The Visnews name change underlines Reuters commitment to building its television business," Wood added.
 The formal company name will be changed from Visnews Ltd to Reuters Television Ltd with effect from Jan. 1, 1993. Headquarters will remain at Cumberland Avenue in West London. The logo used by the company will be identical to the standard Reuter logo.
 Visnews subsidiary BrightStar, running a satellite communications business, will retain its existing name. Visnews Corporate Video, which produces video news releases for corporations, will also retain its present name.
 Reuters recently joined a consortium led by Carlton Communications which has bid to take control of Independent Television News (ITN), the leading U.K. news broadcaster.
 -0- 11~25~92
 ~CONTACT: Robert Crooke of Reuters America, 212-603-3587~
 (RTRS)


CO: Reuters America Inc.; Visnews Ltd ST: IN: ENT SU:

MP-LJ -- PHNY001 -- 1378 11~25~92 08:35 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 25, 1992
Words:287
Previous Article:SEW ELEGANT: HOLIDAY EVENINGWEAR FROM BUTTERICK PATTERNS
Next Article:NEW BREAST IMAGING BREAKTHROUGH CLEARED FOR MARKETING BY FDA
Topics:


Related Articles
REUTERS ANNOUNCES REORGANIZATION
REUTERS HOLDINGS ANNOUNCES 1991 PRELIMINARY RESULTS
REUTERS SIGNS TV DEAL WITH NBC, TAKING FULL CONTROL OF VISNEWS
REUTERS HOLDINGS ANNOUNCES 1992 INTERIM RESULTS
REUTERS HOLDINGS PLC 1992 PRELIMINARY RESULTS
REUTERS HOLDINGS PLC ANNOUNCES 1993 INTERIM RESULTS
REUTERS REORGANIZES AMERICAN MEDIA OPERATIONS
REUTERS TO LAUNCH NEW TV SERVICE FOR LOCAL U.S. STATIONS
REUTERS AMERICA APPOINTS SENIOR VICE PRESIDENT AND EDITOR
SKY NEWS AND REUTERS JOIN FORCES

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters