Reuters set to buy rest of Visnews
Wednesday 22 July 1992
NBC News, which owned 37.8 per cent of Visnews, has sold its holding, but Jay Fine, its senior vice-president of operations and planning, said the transaction had been for an exchange of marketing rights. 'I don't think any money is exchanging hands.'
The BBC owns the remaining 11.3 per cent of Visnews. It has not finally agreed to sell its stake but negotiations are understood to be advanced. Visnews' lost pounds 200,00 last year on turnover of pounds 60m.
Mark Wood, Reuters editor-in- chief, said the acquisition would allow Reuters to restructure Visnews. It is to link it more closely with Reuters' 118 bureaux which, in some cases, would involve the closure of Visnews offices.
The plan is to make Visnews a leading international television news agency and perhaps to provide a video news terminal in addition to Reuters' other products.
View from City Road, page 25
- 1 Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
- 2 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Cee Lo Green: It is only rape if the victim is conscious
- 5 Katie Hopkins breaks down in tears over weight gain challenge: ‘I hate fat people for making me do this’
Perez Hilton apologises for publishing Jennifer Lawrence naked 4Chan photos
Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
Ariana Grande nude photos leak: Pictures are completely fake, say representatives
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Katie Hopkins breaks down in tears over weight gain challenge: ‘I hate fat people for making me do this’
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
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