What does $17.2 billion buy a Canadian publisher these days? According to Thomson Corp. "the world's biggest financial news and data group." From the looks of it, a Thomson/Reuters union may be a match made in heaven, barring any complications with the anti-trust clearance. In what can now be considered tooting their own horn, Reuters had this to say about the merger's potential:
But if you ask Reuter's CEO Tom Glocer it sounds more like he's drafting an information army. "We're creating a new force in a world of multiple information sources," said Glocer. That's fine with us, as long as the consolidated information and news source doesn't take a self-serving Murdochesque turn. Although they have a gameplan as far as shuffling executives is concerned, there's still a lot of work to be done to bring this merger to a close. More as it develops.
