History
The Reuter agency was established in 1851 by Paul Julius Reuter in Britain at the London Royal Exchange. Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter. He later developed a prototype news service in 1849 in which he used electric telegraphy and carrier pigeons. The Reuter’s Telegram Company was later launched. The company initially covered commercial news, serving banks, brokerage houses and business firms.
The first newspaper client to subscribe was the London Morning Advertiser in 1858. Newspaper subscriptions subsequently expanded.
Over the years Reuters' agency has built a reputation in Europe and the rest of the world as the first to report news scoops from abroad. Reuters' was the first to report Abraham Lincoln’s assassination among other major stories. Almost every major news outlet in the world currently subscribes to Reuters. Reuters operates in more than 200 cities in 94 countries in about 20 languages.
The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter, died at age 96 on 25 January 2009, after having suffered a series of strokes.
Read more about this topic: Reuters
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