* Editor-in-chief reorganizes news structure
* Hires several Wall Street Journal alumni
* Seeks to streamline structure and decision-making
* To bolster enterprise reporting resources
By Jennifer Saba and Kenneth Li
NEW YORK, April 19 Thomson Reuters Corp (TRI.N)
(TRI.TO) named Pulitzer-prize winning journalist and former
Dow Jones Newswires President Paul Ingrassia to the new
position of deputy editor-in-chief, one of four new hires
brought in to overhaul its news operations.
The appointments were announced on Tuesday after a 60-day
review by Editor-in-Chief Stephen Adler, who aims to raise the
profile of the 160-year-old news agency, streamline
decision-making, and better exploit the resources of the
company created by the $16 billion takeover of Reuters by
Thomson in 2008.
Adler, who took the top journalist job at Reuters in
February, unveiled a new management team consisting almost
entirely of new faces, including a number of alumni of the Wall
Ingrassia was once a contender to run the Journal, before
Rupert Murdoch's News Corp (NWSA.O) acquired the paper and its
parent Dow Jones. Adler himself worked at the Journal for 16
years, during which he led reporters to win three Pulitzer
prizes, the highest honor in American journalism.
Stuart Karle, the Journal's former general counsel, will
also join Thomson Reuters as the news division's chief
operating officer, a new position.
Reginald Chua, former editor of the South China Morning
Post and the Asian Wall Street Journal, will become data
Jim Gaines, a long-time editor at Time Warner's (TWX.N)
Time Inc, will leave his job as managing editor of The Daily,
Murdoch's digital paper for tablet computers, to join Thomson
Reuters as ethics editor.
"We must be second to none in speed, accuracy, relevance,
and fairness, but also - and crucially - in enterprise,
insight, analysis and originality," Adler said in a news
Thomson Reuters, along with rivals such as Bloomberg LP,
and Dow Jones, have invested heavily in news gathering and
analysis in recent years, as newspapers and other traditional
media organizations cut back.
Competing more effectively requires eliminating layers of
bureaucracy to streamline decision-making, Adler said.
Under the new structure, journalism to be led by Ingrassia
will be separated from operations, such as managing budgets,
which will be overseen by Karle.
"News is central to what we do," Adler said in his Times
Square office, seated near a white board with 60 days crossed
out with slashes to signify the end of his initial global
review. "I think this structure enables us to concentrate on
doing great journalism."
As part of Adler's effort to "tame the bureaucracy and
clarify lines of authority," the reorganization eliminates
roles such as the global specialist editors who oversaw
coverage of areas such as general and political news, and
economic and companies reporting.
Betty Wong, a 21-year veteran and global managing editor,
will leave Thomson Reuters.
The new hires are part of a New York-based executive team
that also includes Chrystia Freeland, editor of Thomson Reuters
Digital, who joined the company last year from the Financial
Times; Amy Stevens, executive editor of Professional News, who
was deputy page-one editor of the Journal; and Adrian Dickson,
global editor for editorial products. Hugo Dixon continues as
editor of Breakingviews and will remain in London.
Adler joined Thomson Reuters in 2010 after leaving the top
job at BusinessWeek magazine.
"My sole goal will be to make us the number one news
provider in the world," Adler wrote in a memo to employees.
"I'm in favor of anything that helps get us there and
against anything that gets in the way."
On the white board next to Adler's desk, Tuesday is marked
as day zero.
(Reporting by Jennifer Saba and Kenneth Li; Editing by
Tiffany Wu and Ted Kerr)