EOTO 1: History of the Reuters News Wire Service in England

The creator of the international news agency "Reuters" was a man named Julius Reuter. The company began in 1851 and started as a transmission of stock market quotes between London and Paris. With only one other employee at the time it evolved and became one of the world's largest international multimedia news agencies.

    Julius Reuter initially expanded his business by adopting the use of telegraphs and undersea cables in order to increase the spread of stories to a broader range. As the company grew more, there was a shift in content and Reuters became an outlet for general and economic news reaching worldwide. 

        By 1883 Reuters began transmitting messages in an electronic fashion to London newspapers. In 1914 the company hit a rough patch due to many people thinking that enemy citizens were shareholders of Reuters. Although this was later proven wrong, Reuters took a hit to their reputation as well as financially. Once the issues were resolved they bounced back into a new plan.

    The plan for Reuters was to remain innovative and continue to find the most effective and current ways for spreading news. The spike in public interest is mainly due to their series of major scoops. Reuters was the first news outlet to cover the assassination of President Abraham Lincoln. They also did an article on The Titanic hitting the Iceberg. Following the trend of innovation, In 1923, Reuters was one of the first to utilize the use of radio to transmit news internationally.

By the 1980s Reuters became one of the greatest and largest private communications in public in the world. The Reuters Foundation was then adopted and helped with new technology and the developing innovations. It also allowed the company to reach an obligation in which they adopted a policy of constructive charity.

    Today, Reuters reaches more than 1 billion people worldwide with their use of different platforms. The company has over 2,600 working journalists and hold more than 200 locations around the world. Reports are available in 16 different languages.