Alix Freedman

Reuters hires Pulitzer winner and deputy social media editor

Steve Secklow, pictured, a former Reuters stringer in Philadelphia who became a Pulitzer Prize-winning investigative reporter at The Wall Street Journal, is joining Reuters in London as a member of the expanding investigations team. Matthew Keys, another award-winner, has been hired as deputy social media editor.

Secklow shared a 2007 Pulitzer with three
Journal colleagues for a series on backdated stock options. In 2003 he and Alix Freedman, now Reuters’ global editor for ethics and standards, were Pulitzer finalists for their series on corruption in the United Nations’ oil-for-food programme. He has also won or shared the George Polk journalism award three times, including in 1996 for exposing a Ponzi scheme in a story edited by Stephen Adler, now Reuters’ editor-in-chief.

Keys, who will be based in New York and report to social media editor
Anthony De Rosa, will produce online content for Reuters.com, expand Reuters’ presence on Twitter, Facebook, Google+, Tumblr and new platforms, and play a key role in helping to train Reuters journalists on best practices in social media.

He was recently nominated for an Online News Association award in the category of “Breaking News excellence” for his coverage of the 2011 earthquake, tsunami and nuclear disaster in Japan. Before joining Reuters he was an online content producer and manager for KTXL FOX40, a Tribune Broadcasting television station in Sacramento, and an online news producer for KGO-TV, the ABC affiliate in San Francisco.

SOURCE Talking Biz News
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Stephen Adler spells it out: stick to Reuters standards

Five days after Reuters published an inflammatory report that alleged billionaire financier George Soros was behind the Occupy Wall Street protest movement, editor-in-chief Stephen Adler on Tuesday spelled out to staff the need to stick to the agency’s editorial standards.

“We aim to provide deeper understanding through tough, accurate, fair reporting, not through expressing personal opinions in news coverage or stating or even implying conclusions unless they are rigorously supported by all the facts,” he said in an internal memo obtained by The Baron.

Adler did not refer explicitly to the controversial news item last Thursday which was derided by media critics in the United States for editorial mishandling and failing to meet Reuters’ standards.

“A great virtue of our cherished reputation for accuracy is that readers actually rely on what we write, and they feel betrayed when we fall short of our high standards. We therefore have a responsibility to be worthy of their trust every day. This doesn’t mean every subject of every story has to be pleased with what we have reported,” he said.

The Newspaper Guild of New York said “the seriously flawed story and the company’s handling of it have drawn strong criticism from inside and outside the company, indicating an erosion of trust in the news we provide”.

The company’s new editor for standards and ethics,
Alix Freedman, was quoted by The Atlantic Wire as saying, “We update stories all the time when we get more information.”

“While that’s superficially true, it’s not the whole truth,” the Guild said. “This wasn’t an update; this was a story that was seriously flawed at best, and more likely not a story at all. It should have been corrected or withdrawn in a forthright fashion.”

It added: “One of the worst things about this incident is that it could have been avoided, if the editorial safeguards that have preserved our reputation for decades were followed. They weren’t. The story was stopped on the Americas Desk, questions were raised and it was suggested that the piece be killed or substantially revised. Instead of heeding this advice, managers took over the story and transmitted the flawed version.”

Adler also said he was getting a number of questions about Reuters online op-ed and blogging initiatives. “How, some people inside and outside Reuters are asking, can we purport to be independent and unbiased when we publish opinion columns and edgy online commentaries?”

His answer referred to the Trust Principles established 70 years ago to protect Reuters’ integrity, independence and freedom from bias.

“In my view, the issue comes down to whether we are adding value for our readers,” Adler said. “Are we helping them make smart decisions, achieve fresh insights, and influence the global conversation? We’re already doing this brilliantly through our own financial commentary service, Breakingviews. I believe that providing a forum for other intelligent commentary on a variety of topics also helps fulfill our mission, as long as we disclose clearly that the ideas presented reflect the views of the individual writers and not of Thomson Reuters. As an organization, we are abiding by the Trust Principles because we come to the process with no political or ideological agenda but rather with a straightforward commitment to the vigorous exchange of views in the public interest.”

Following is the complete text of Adler’s note:



Colleagues:

As you know, one of our top editorial priorities is to add insight, context, and depth to our stories to supplement – not replace – the speed, accuracy, and fairness for which Reuters has long been known. The idea is to provide more value to our readers so they can make smart decisions, achieve fresh insights, and influence the global conversation.

This newer focus, with its acceleration of efforts in enterprise reporting, exclusivity, and in-depth coverage of breaking news, has produced some terrific journalism, along with a bit of confusion. To review, here is what I said on the topic when I became editor in chief in February:
“Journalistic excellence will be our hallmark. Reuters does outstanding work across the globe every day. But in order to fulfill Thomson Reuters mission, we have to aim even higher and compete even harder. This means being second to none in speed, accuracy, relevance, and fairness but also and crucially in enterprise, insight, analysis, and originality. Building our strength in these areas is essential to our becoming a must-read among global professionals, who are looking for understanding as well as information.”

To annotate, “speed, accuracy, relevance, and fairness” remain absolutely essential. We aim to provide deeper understanding through tough, accurate, fair reporting, not through expressing personal opinions in news coverage or stating or even implying conclusions unless they are rigorously supported by all the facts.

Someone asked [enterprise editor] Mike Williams on a recent staff call how we could maintain our journalistic standards while embarking on investigative reporting. Mike was a little dumbstruck and responded that high journalistic standards and investigative journalism aren’t just compatible, they are inextricably connected. I entirely agree: We uncover hard-to-get facts through meticulous, dogged reporting, and we report what we learn fairly and dispassionately – with no other agenda than informing our readers. The story’s heat emanates from the depth of reporting and understanding it reflects, not from loose logic, innuendo, or what some internally call “banalysis.”

A great virtue of our cherished reputation for accuracy is that readers actually rely on what we write, and they feel betrayed when we fall short of our high standards. We therefore have a responsibility to be worthy of their trust every day. This doesn’t mean every subject of every story has to be pleased with what we have reported. Indeed, if we are reporting deeply and well, we will uncover wrongdoing and other circumstances that reflect poorly on individuals or institutions.  People will complain. That’s ok. But even when a story is critical, it must be accurate and fair. And when we do make a mistake, we must correct it fully, openly, and as quickly as possible. I know this ethically demanding approach to journalism runs deep in the culture of Reuters. It remains core to our belief system and our behavior even as we pursue more in-depth modes of coverage.

On a related topic, I’m getting a number of questions about our online op-ed and blogging initiatives. How, some people inside and outside Reuters are asking, can we purport to be independent and unbiased when we publish opinion columns and edgy online commentaries? In my view, the issue comes down to whether we are adding value for our readers: Are we helping them make smart decisions, achieve fresh insights, and influence the global conversation? We’re already doing this brilliantly through our own financial commentary service, Breakingviews. I believe that providing a forum for other intelligent commentary on a variety of topics also helps fulfill our mission, as long as we disclose clearly that the ideas presented reflect the views of the individual writers and not of Thomson Reuters. As an organization, we are abiding by the Trust Principles because we come to the process with no political or ideological agenda but rather with a straightforward commitment to the vigorous exchange of views in the public interest.

I look forward to hearing your thoughts on any of these issues.

With best regards,
Steve Adler

SOURCE Reuters | The Newspaper Guild of New York
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Reuters v Bloomberg battle 'may change news'

The battle for dominance between Reuters and Bloomberg may change the way news is gathered and distributed, a leading US media commentator says.

Peter Osnos, a former
Washington Post correspondent, said the recent hiring of Alix Freedman, a Pulitzer prize-winning 27-year veteran of The Wall Street Journal, as global editor for ethics and standards was another signal that Thomson Reuters is in a major contest for dominance with its principal rival, Bloomberg.

Osnos is founder and editor at large of PublicAffairs books and vice-chairman of the
Columbia Journalism Review. Writing in The Atlantic, he noted that Reuters editor-in-chief Stephen Adler said that in Freedman’s new job she will work “closely with reporters and editors on major stories, final-reading many signature pieces and holding us all to the high standards set out in Thomson Reuters Trust Principles and the Reuters Handbook of Journalism”.

Osnos also noted recent high-profile arrivals at Thomson Reuters and said Bloomberg had amassed a similarly impressive roster as it launches its opinion section and invests in its multiple news teams in Washington and around the world.

“The growth of Thomson Reuters since their merger in 2008 and the rise of Bloomberg … are major developments in journalism that aren’t fully recognized by the public at large because so much of their activity and income comes from financial data on terminals and in specialized packages,” he said. “Unlike the leading newspapers in this arena that also have formidable ranks of reporters, commentators and editors – the
New York Times, Financial Times, and Wall Street Journal – the lack of a daily anchor in print seems to reduce the visibility of their output in the traditional competition for attention in mainstream news circles.”

Because Bloomberg is privately owned, it is hard to know just how profitable it is, Osnos said, but every indication is that it has come through the prolonged financial crisis since 2008 without any meaningful loss of momentum.

“Thomson Reuters is a more complicated situation. According to a recent takeout in the
Wall Street Journal, the Thomson family and its investment arm, Woodbridge, which controls the majority of shares in the enterprise, is ‘impatient with the company’s performance.’

Like Bloomberg, Thomson Reuters’ revenue is significantly tied to its sales of sophisticated and extensive material to Wall Street and to the international banking community through its markets division. Over the summer, Thomson Reuters restructured the markets division, leading to the departure of six top executives. The division now reports to CEO
Tom Glocer. The stock price of Thomson Reuters has been lagging, and posted a 52-week low recently, a drop of almost 20 per cent this year, Osnos said.

“But assuming the shake-up on the financial side and the strengthening of its already formidable news operation gain the necessary traction, its competition with Bloomberg will be a vitally important aspect of how journalism is adapting to the continuing turbulence in the industry …

“With so much uncertainty elsewhere in the news business, the robust competition between Thomson Reuters and Bloomberg looms especially large in the overall future of news gathering. With thousands of reporters and strong leadership teams, both companies are bound to be factors in the news business in the digital age, even if their overwhelming profitability is tied to financial data.” Osnos said
The Wall Street Journal's loss of Freedman was much more than a job shift. “It is a measure of bigger changes in how news and data are being collected, paid for, and distributed.”

SOURCE The Atlantic


Reuters aims to become best in the world – Stephen Adler

Reuters wants to raise its profile, increase the impact of its journalism and be as influential in the United States as it is in the rest of the world.

“Indeed, to be fully effective as a global organisation, we have to be as influential and as well known in the US – the world’s largest economy – as we are elsewhere in the world,” editor-in-chief
Stephen Adler, pictured, said in an interview published on Friday. “Our mandate at Reuters is to become the best journalism organisation in the world,” he said.

Reuters’ recent hiring spree, including a handful of Pulitzer Prize-winners, has quickly attracted the media world’s attention, the US news website and blog Huffington Post reported. At the same time, it said, Reuters has relaunched its
website to better showcase its vast reporting in a more consumer-friendly way, stepped up social media efforts and increased analysis, opinion and enterprise reporting.

Reuters is not giving up on breaking financial news that paying subscribers want or reporting international wire stories that cash-strapped newspapers, lacking foreign budgets, increasingly need, The Huffington Post said. However, deputy editor-in-chief
Paul Ingrassia says the company wants to go beyond breaking news. “I think what we’re making a bigger effort to do is not only be first with events,” Ingrassia said, “but very quickly and analytically ... report the meaning and impact of those events.”

By giving Adler a mandate to make big moves, Reuters may hope to avoid being lapped by the Bloomberg behemoth, the website said. When asked whether Bloomberg is Reuters’ main competitor, Adler rattled off the many subscription platforms that Reuters offers its users, including traders, investment bankers, lawyers, tax specialists and pharmaceutical researchers. Reuters, he said, also reaches one billion people a day through the agency business used by newspapers, magazines and websites.

“Our audience base is thus quite different from anyone else’s, as is our revenue model,” Adler said. “The better we are, the more our journalism is worth to all of our customers. And we aim to be the best. And, yes, Bloomberg is certainly a leading competitor.”

As part of Reuters’ hiring spree, The Huffington Post noted that last week alone the agency hired former Slate media critic
Jack Shafer, Pulitzer-winning Wall Street Journal veteran editor Alix Freedman, and Bay Citizen editor-in-chief and Industry Standard founding editor Jonathan Weber.

The website said that a year ago, media watchers wouldn’t have imagined such a slew of hires coming back-to-back. But Adler – a former deputy managing editor at the
Wall Street Journal and Businessweek editor-in-chief just before Bloomberg’s acquisition of the magazine – started making big moves shortly after becoming Reuters editor-in-chief earlier this year.

Adler’s new editorial leadership team was looking like the
Wall Street Journal in exile, it said. Ingrassia spent over three decades at the Journal and Dow Jones, where he won a Pulitzer for his coverage of the auto industry and later ran Dow Jones Newswires. Three other former Journal staffers are on board, too: former chief operating officer Stuart Karle, data editor Reginald Chua, and enterprise editor Michael Williams.

“Adler’s leadership team isn’t all
Journal ex-pats,” The Huffington Post said. Adler hired Jim Gaines, a former Time Inc. executive most recently at News International’s iPad application The Daily and Harold Evans joined as an editor-at-large. “And some members of the team are old Reuters hands. Chrystia Freeland, who joined Reuters last year, became editor of Thomson Reuters Digital. In May, James Ledbetter moved from Reuters.com to become Reuters inaugural op-ed editor…

“When my position was created, there became a much stronger mandate from above to go out and get big names and put the full weight of Reuters behind it,” Ledbetter said. Since he took over, Reuters has hired not only Shafer but two former
New York Times reporters with Pulitzers on their resumés: David Rohde and David Cay Johnston. “It’s getting to be quite a stable,” Ledbetter said.

While recent buzz may help raise Reuters’ profile outside, The Huffington Post said there has been some grumbling inside the company. Staffers say there are concerns that too much emphasis is being placed on big-name outside hires at the expense of cultivating talent within. Managers also worry about holding onto their positions in the newsroom amid editorial reshuffling and executives' shifting priorities.”

Staffers say other management changes have gone over well, including an emphasis on getting out of the office more to build deeper source relationships and the dismantling of the long-running beat system that only rewarded stories impacting stock prices. One staffer said it seems clear management wants to build a news organisation that creates a lot more buzz and prestige.

Some staffers believe that management expects to win Pulitzers in the coming years, following Reuters’ greater investment in enterprise and investigative reporting.

Both Adler and Ingrassia, however, balk at any suggestion that there’s a Pulitzer mandate. “Prize-hunting, per se, is not the objective here,” Ingrassia said.

“As I’ve said to the staff, we want to do work that is so memorable and so distinguished that it is recognised by our peers,” Adler said. “Winning awards is one measure of excellence but not an end in itself. We also want people talking about our journalism, sharing it with each other, and using it to make smart decisions and achieve fresh insights.”

SOURCE The Huffington Post
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Another WSJ editor takes senior Reuters role

Reuters’ recruitment from The Wall Street Journal continues apace: the latest high-profile hire is Alix Freedman, pictured, a WSJ veteran who becomes Reuters’ third global editor for ethics and standards in five months.

Deputy managing editor and page one editor at the
Journal, Freedman previously oversaw ethics and standards of high-impact stories in the newspaper and on the Dow Jones newswires. She won a Pulitzer prize in 1996 for her tobacco industry reporting at the Journal, which she joined in 1984 in Philadelphia. She became the newspaper’s page one editor in May when Michael Williams left to become Reuters global enterprise editor.

At Reuters she replaces
Jim Gaines who joined in April and this week was appointed Americas editor. Previously the ethics job was held by Dean Wright who left the company in April.

Stephen Adler, a former WSJ editor who became Reuters editor-in-chief in February, said Freedman was one of the world's most esteemed journalists. He told staff: “At Reuters, Alix will help fuel our drive for journalistic excellence by working closely with reporters and editors on major stories, final-reading many signature pieces, and holding us all to the high standards set out in the Thomson Reuters Trust Principles and the Reuters Handbook of Journalism. A long-time leader of ethics training at the Journal, Alix will also collaborate with our training team to make sure we provide the best possible instruction.”

SOURCE The New York Observer | Media Bistro | Huffington Post
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