Reuters News cancels its Next website project

Wed Sep 18, 2013 2:44pm EDT

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(Reuters) - Reuters News is cancelling its next-generation website known as Reuters Next, a project that aimed to overhaul the existing

Andrew Rashbass, the chief executive of Reuters, said the project had struggled to meet deadlines and to stay within its budget, according to an internal memo on Wednesday. The ambitious effort had also failed to capitalize on Reuters' strengths for high-quality real-time news, and its unique photography and video, he said.

Rashbass, who was appointed in May to lead Reuters' news business, said in the memo that, "Next is a long way from achieving either commercial viability or strategic success."

Reuters initiated Next more than two years ago, and while it was available publicly in beta form, it had not been formally launched to replace

Reuters spokeswoman Barb Burg declined to comment on the costs associated with Reuters Next. David Girardin, a spokesman for Thomson Reuters Corp, which owns Reuters News, declined to comment when asked if the cancellation of Next will impact earnings.

Reuters plans instead to enhance and improve the existing sites, Rashbass said.

(Reporting by Jennifer Saba in New York; Editing by Martin Howell and Frank McGurty)

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Comments (9)
DougAnderson wrote:

Sep 18, 2013 2:58pm EDT  --  Report as abuse
Burns0011 wrote:
Thank god. The constant reliance on video as a substitute for good writing and accurate, minimally biased reporting, is a blight on journalism.

Take the money saved and hire editors who know what they’re doing.

Sep 18, 2013 3:06pm EDT  --  Report as abuse
pragmatist7 wrote:
It is a good service as it is, and I hope that the enhancements will make it even better.

Sep 18, 2013 3:08pm EDT  --  Report as abuse
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