* Stephen Adler to replace David Schlesinger
* Adler to head news operations across Thomson Reuters
* Schlesinger to become chairman of Thomson Reuters China
By Kenneth Li and Jennifer Saba
NEW YORK, Feb 7 Thomson Reuters Corp (TRI.N)
(TRI.TO) has appointed Stephen Adler as the new editor-in-chief
of Reuters News, putting the former BusinessWeek executive in
charge of all news operations across the company.
Adler replaces David Schlesinger, who, after a 24-year
career at the global news and information provider, will return
to China -- where he started his career -- as chairman of
Thomson Reuters China.
The move is part of a strategy to unite the broad resources
of the company best known for its 160-year-old news agency that
has undergone an era of massive expansion with the $16 billion
merger of Thomson Corp and Reuters in 2008.
The merger gave Reuters, traditionally a financial news and
data provider, new customers in professional arenas including
legal, healthcare and accounting.
Adler joined Reuters in 2010 as head of editorial content
for professional clients. His appointment as editor in chief,
overseeing nearly 3,000 journalists globally, takes effect
immediately, the company said.
"There is going to be one news organization to serve all
the businesses," Adler, who will also take on the role of
executive vice president of news at Thomson Reuters, said in an
interview on Monday. "The goal is to have a united news
The change at the top of Reuters News comes as it faces
unprecedented competition from thousands of Internet sources,
which have transformed the global media industry, as well as
from traditional rivals such as Bloomberg LP and News Corp's
(NWSA.O) Dow Jones.
Adler joined Thomson Reuters in January 2010 from
BusinessWeek magazine, where he served as top editor over a
five year period when the magazine won more than a 100
journalism awards. He left BusinessWeek after Bloomberg
purchased the financially struggling title.
Prior to BusinessWeek, Adler spent 16 years at the Wall
Street Journal, where he led an investigative reporting team
that won three Pulitzer prizes, the highest honor in American
As Reuters top journalist, Schlesinger oversaw the launch
of the online video news service Reuters Insider, the
integration of the BreakingViews financial commentary service
and the launch of Reuters America, a general news wire.
"Competitors are swarming into the market place," Adler
said. "We have to be very strong around helping people
understand what is happening."
Adler said the change was not "cost-related" and he saw
little overlap between the editorial resources of the company's
businesses that serve professionals and the news agency.
"My biggest hope and goal for him is we maximize the amount
of time and resource that truly goes to journalistic
excellence," Tom Glocer, chief executive of Thomson Reuters,
said in an interview.
He added, "Reuters developed its reputation when no one
could do what we did. We should do that again."
(Reporting by Kenneth Li and Jennifer Saba)