Thomson Reuters Corp. is tapping tech and media veteran Paul Bascobert to be the next president of Reuters News, the news organization announced in a release.
Bascobert has executive experience in the news media world, having been the former CEO of U.S. print giant Gannett Co Inc, which owns USA Today. He succeeds Michael Friedenberg, who left the company in December after a three-year stint.
Under Friedenberg, he oversaw the appointment of Alessandra Galloni as the first woman editor-in-chief of Reuters News, relaunching reuters.com and pushing the company into the events industry.
"Paul combines a strong understanding of financial markets with belief in independent journalism and extensive experience as an operating executive, adviser, and entrepreneur with an impressive track record of transformation and growth in media and SaaS (software as a service) businesses," Thomson Reuters CEO Steve Hasker said.
"Reuters News plays an important role in Thomson Reuters strategy, and we look forward to working with Paul to deliver for our customers and drive long-term growth for our business."
Bascobert will be working out of New York and report to Hasker. Meanwhile, Galloni will continue overseeing editorial content and report to Bascobert. In addition, Reuters finance chief Matthew Keen will remain as interim president until Bascobert begins his tenure on Sept. 19.
"We will develop new ways to serve our customers – LSEG Refinitiv, our news agency clients, and professionals – while continuing to grow the reach and impact for our fantastic journalism," Bascobert said.
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