Reuters Names New Editor in Chief: Alessandra Galloni First Woman to Lead Newsroom

From a New York Times story by Katie Robertson and Edmund Lee headlined “Reuters Names a New Editor in Chief”:

Reuters has named Alessandra Galloni, one of the news agency’s highest-ranking editors, as its new editor in chief.

Ms. Galloni, 47, will be the first woman to lead the Reuters newsroom in its 170-year history. As global managing editor since 2015, she already had a top position at one of the world’s biggest news organizations, with 2,500 journalists in 200 locations.

Ms. Galloni, a native of Rome who has been working in the company’s London office, will succeed Stephen J. Adler, who led Reuters for a decade….On his watch, the company won seven Pulitzer Prizes, including the award for breaking-news photography in 2019 and 2020….

At the start of her career, Ms. Galloni worked at Reuters’s Italian-language news service. She went on to a 13-year stint as a reporter and editor at The Wall Street Journal before rejoining Reuters as the editor of its Southern Europe bureau in 2013….

Executives at Thomson Reuters, the parent company, have been looking for ways to cut costs and raise revenue at the news agency. That means Ms. Galloni will have to be an entrepreneur as much as a newsroom leader….Last year, it made $73 million in pretax profit on $628 million in revenue.

While owned by Thomson Reuters, Reuters is primarily funded by another company: the London Stock Exchange Group. Reuters receives at least $325 million a year for the next 28 years from the entity that operates the British exchange, and nearly 60 percent of the newsroom’s costs were funded by the vendor agreement last year.

The unique arrangement came about as a result of a complex set of acquisitions. In October 2018, Thomson Reuters sold the majority of its data business, known by its brand name, Refinitiv, to the investment giant Blackstone Group in a $20 billion deal. Reuters is integrated into Refinitiv, a data product popular with Wall Street traders and business executives. It competes with Bloomberg L.P….

The appointment of Ms. Galloni, who received the 2020 Lawrence Minard Editor Award from the Gerald Loeb Foundation, which honors business journalists, fills a top journalism job while other major newsrooms are searching for their next top editors. Norman Pearlstine retired from the top newsroom job at The Los Angeles Times in December, and Martin Baron, the executive editor of The Washington Post, called it a career in February. The two publications are expected to name their replacements soon.

Katie Robertson is a media reporter. She previously worked as an editor and reporter at Bloomberg and News Corporation Australia.

Edmund Lee covers the media industry as it grapples with changes from Silicon Valley. Before joining The Times he was the managing editor at Vox Media’s Recode.

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