SLAW Says Spare A Tear For Profit Challenged Legal Publishers
Written by Sean Hocking
Sorry SLAW. We normally agree with you on most things. But here at HOB sparing tears for legal publishers isn't one
of them !
SLAW reports on the latest revenue figures for Thomson Reuters ..which haven't been too impressive.
Sympathy levels are low here .. but if you are interested read on...
Spare a Tear for the Profit-Challenged Legal Publishers
by Simon Chester on August 12th, 2008
Well Thomson Reuters reported this morning and as is consistent with its competitors’ results, this hasn’t been a happy quarter.
Thomson has had indigestion-expenses from the Reuters acquisition, but even so, the sort of profit margins that management have been expecting over the past decade from legal publishing haven’t been as easy this year.
Here is a round-up of the big three.
Here is what Thomson reported:
Thomson Reuters Corp. said second- quarter profit fell 54 percent on costs from the $15.9 billion combination of two of the biggest financial news and data providers. The company confirmed its 2008 sales forecast.
Net income declined to $173 million, or 22 cents a share, from $377 million, or 58 cents, a year earlier.
