Reuters' Microsoft deal brings net gain

Global news agency Reuters is to expand its TV internet service by signing a deal with Microsoft to use its latest Media Centre software.

The expanded interactive Reuters service will start in the US and reaches the UK early next year. It will draw on existing editorial resources.

A Reuters spokesman said the move is intended to draw in more consumer users for the company’s news services and to make better use of the thousand hours of video footage it produces each day. The new service will not be a rolling news channel in the mould of BBC News 24 or CNN.

Reuters employs 2,300 editorial staff and currently makes 90 per cent of its income by providing specialist financial information.

According to Reuters, full details of the Microsoft deal are to be announced on Tuesday.

By Dominic Ponsford.

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