Now that Chrystia Freeland has left Reuters as the Managing Director and Editor, Consumer News, there are apparently a few employees who are talking about what a disaster she was as their boss:
“The project came about through sheer force of will, without Chrystia’s championing, it never would have happened,” says one Reuters employee. “Monetization was not the priority, the priority was building something for the brand.”
But any effort to build a consumer-facing product that would serve up Reuters content yet not be an obvious revenue center was bound to run into some resistance from the existing organization, which includes over 2,000 journalists and derives significant revenues from sales of terminals like Bloomberg’s to business and newsroom clients.
“[Freeland] basically tried to build this thing outside of the entire operation,” says a former Reuters employee. “She had very little contact with the newsroom itself.”
As a result, sources on Reuters’ digital side said there was flat opposition to making the consumer-facing product as good or better than Reuters’ terminal and subscription products. Of the decision to kill Reuters Next, a different former employee said that “the direction the company now wants to go in is about giving power back to the profit centers and abandoning any innovation on the consumer side.” (see here)
So, did Freeland really come back to Canada because she was about to be fired from Reuters and needed a cushy new job as a Liberal MP?
Also: See earlier post where I linked Sun’s Ezra Levant exposing Freeland as an economic fraud here