CHRONOLOGY: Reuters, from pigeons to multimedia merger

Tue May 15, 2007 6:16am EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

(Reuters) - Financial news and information provider Reuters Group Plc RTR.L has agreed to the $17.2 billion takeover approach from Canada's Thomson Corp. TOC.TO, the companies announced on Tuesday.

Following is a chronology of key moments in Reuters' long history:

1851 - German-born Paul Julius Reuter opened an office in the City of London which transmitted stock market quotations between London and Paris via the new Calais-Dover cable.

Reuter had previously used pigeons to fly stock prices between Aachen and Brussels, a service that operated for a year until a gap in the telegraph link was closed.

1870s - As overland telegraph and undersea cable facilities developed, Reuters expanded beyond Europe to the Far East in 1872 and South America in 1874.

1925 - The Press Association took a majority holding in Reuters.

1927 - Reuters introduced the teleprinter to distribute news to London newspapers.

1939 - Reuters moved its corporate HQ to 85 Fleet Street.

During both World Wars, Reuters came under pressure from the British government to serve British interests.  Continued...

 

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended
Reuters is looking for participants in a new mobile journalism project to capture the Republican and Democratic conventions from the ground up.