Newly announced Thomson Reuters president and chief executive officer Steve Hasker poses in Toronto, Ontario, Canada February 24, 2020. Picture taken February 24, 2020. REUTERS/Mark Blinch
Hasker, most recently a top executive at Hollywood talent agency CAA, will assume his new role on March 15, Thomson Reuters said. Smith, a former journalist who oversaw a period of major change at the company, will stay on for a transition period and become chairman of the Thomson Reuters Foundation.
Thomson Reuters maintained its organic revenue growth target of 4% to 4.5% in 2020 and said its margins will be a little higher than it forecast in October and also above 2019 levels.Adjusted earnings in the fourth quarter rose to $216 million or 37 cents per share from $135 million or 19 cents a share. Analysts, on average, expected 33 cents a share, according to IBES from Refinitiv.
“With our reorganization behind us and a clear focus on the future of our core business, this is the perfect time to put in place the next generation of leadership,” Jim Smith said in a statement.
We all know the only reason the media exists is to sell ads, nothing more nothing less.
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