Thomson Reuters

Sweet & Maxwell is a British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the Thomson Organization in 1987, and is now part of Thomson Reuters. Its British group includes W. Green in Scotland and Round Hall in Ireland. Sweet & Maxwell publishes Westlaw-UK, as well as the Lawtel, LocalawUK, Legal Hub, and DocDel on-line services. It also published many well-regarded looseleafs and books.

Sweet & Maxwell

West is a business owned by Thomson Reuters that publishes legal, business, and regulatory information in print, and on electronic services such as Westlaw. Since the late 19th century, West has been one of the most prominent publishers of legal materials in the United States. Its headquarters is in Eagan, Minnesota; it also has an office in Rochester, New York, and had an office in Cleveland, Ohio, until it closed in 2010. Organizationally, West is part of the global legal division of Thomson Reuters.

West

Thomson Reuters Corp. engages in the provision of news and information for professional markets. It operates through the following segments: Legal Professionals, Corporates, Tax and Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment provides research and workflow products to law firms and government. The Corporates segment serves corporate customers with full suite of content-enabled technology solutions for in-house legal, tax, regulatory, compliance, and information technology professionals. The Tax and Accounting Professionals segment offers research and workflow products focusing on intuitive tax offerings and automating tax workflows to tax, accounting, and audit professional in accounting firms. The Reuters News segment supplies business, financial, national, and international news to professionals via desktop terminals. The Global Print segment offers legal and tax information primarily in print format to customers around the world. The company was founded in 1799 and is headquartered in Toronto, Canada.

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The media business is in a tough spot. The continued migration of news and information online has challenged traditional news outlets ranging from newspapers and magazines to television and radio.

The 3 Best Media Stocks to Buy for July 2023

Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 29, 2023 /PRNewswire/ -- Thomson Reuters (NYSE, TSX: TRI) announced today its second-quarter 2023 earnings will be issued via news release on Wednesday, August 2, 2023.

Thomson Reuters Second-Quarter 2023 Earnings Announcement and Webcast Scheduled for August 2, 2023

CAMBRIDGE, England , June 28, 2023 /PRNewswire/ -- Cambridge Innovation Capital (CIC), the venture capital investor focused on deeptech and life science businesses in the Cambridge ecosystem, has today announced that its portfolio company Imagen Ltd., the cloud-native media asset management company, has signed a definitive agreement to be acquired by Thomson Reuters.

CAMBRIDGE INNOVATION CAPITAL PORTFOLIO COMPANY IMAGEN LTD SIGNS DEFINITIVE AGREEMENT TO BE ACQUIRED BY THOMSON REUTERS

Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its agency business to new customers, the news and information company said on Wednesday.

Thomson Reuters to buy digital content management company Imagen

Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, announced today that it has signed a definitive agreement to acquire Imagen Ltd., a cloud-native media asset management company.

Thomson Reuters Signs Definitive Agreement to Acquire Imagen Ltd.

Thomson Reuters has acquired artificial intelligence (AI)-powered legal startup Casetext for $650 million. The Canadian multinational — whose businesses include news organization Reuters and legal research platform Westlaw — announced the deal late Monday (June 26), saying it would add to its existing AI initiatives.

Thomson Reuters Adds to AI Stable With $650M Casetext Deal

Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator-backed legal tech startup. The deal, valued at $650 million in cash, is expected to close in the second half of 2023, subject to regulatory approvals and customary closing conditions.

Thomson Reuters buys Casetext, an AI legal tech startup, for $650M in cash

Thomson Reuters Corporation said on Monday it had agreed to acquire Casetext, a California-based company that provides technology solutions for legal professionals, in a $650 million all-cash deal.

Thomson Reuters to acquire legal tech provider Casetext for $650 mln

TORONTO , June 26, 2023 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (NYSE / TSX: TRI), a global content and technology company, today announced it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash. The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, the development of new generative AI experiences across its product suite, as well as a new plugin with Microsoft and Microsoft 365 Copilot for legal professionals.

Thomson Reuters Corporation Signs Definitive Agreement to Acquire Casetext

Shares to begin trading tomorrow on the TSX and NYSE on a post-consolidated basis TORONTO , June 22, 2023 /PRNewswire/ --Thomson Reuters (TSX/NYSE: TRI) today announced the share consolidation ratio for its return of capital transaction which will be effective at 3:01 a.m. (Toronto time) tomorrow.

Thomson Reuters Announces Share Consolidation Ratio for Return of Capital Transaction

TORONTO , June 16, 2023 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) announced that the Ontario Superior Court of Justice (Commercial List) issued a final order today approving a plan of arrangement to implement the company's proposed return of capital transaction. On June 14, 2023, Thomson Reuters received shareholder approval for the return of capital transaction at its annual and special meeting.

Thomson Reuters Receives Court Approval for Return of Capital Transaction

TORONTO , June 15, 2023 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today announced the voting results for the election of the company's Board of Directors and for its proposed return of capital transaction at its annual and special meeting of shareholders held virtually yesterday.  All 14 nominees were elected to the Thomson Reuters Board of Directors, and each director elected will continue to hold office until Thomson Reuters' next annual meeting of shareholders, or until the director resigns or a successor is elected or appointed.

Thomson Reuters Announces Voting Results for Election of Directors and Return of Capital Transaction

Action is required to opt out Opt-out deadlines vary by bank/broker and may be as early as June 7 TORONTO , June 1, 2023 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reminded its shareholders who are taxable in a jurisdiction outside of Canada that they are able to "opt out" of the company's proposed return of capital transaction. For shareholders who are subject to income tax outside Canada, opting out of the transaction may be preferable to participating in the transaction.

Thomson Reuters Reminds Non-Canadian Taxable Shareholders of "Opt-Out" Alternative for Return of Capital Transaction

Thomson Reuters plugin with Microsoft 365 Copilot helps unlock the value of generative AI for legal professionals  TORONTO , May 23, 2023 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today brings forward its vision to redefine the future of professionals through generative artificial intelligence (AI). At a time of rapid global innovation, Thomson Reuters is at the forefront, helping its customers unlock the potential to automate workflows, provide powerful insights, and drive efficiencies with content-driven AI technology.

Thomson Reuters brings forward vision to redefine the future of professionals with content-driven AI technology

No media company should be priced north of 10 times sales and 33 times earnings with artificial intelligence about to make it cheaper than ever to compete. However, Thomson Reuters Corp. ( TRI , Financial) is more than just a media company, and its transition into more of a software as a service provider is nearly complete.

Thomson Reuters: A Fantastic but Overvalued Business

TORONTO , May 4, 2023 /PRNewswire/ -- Steve Hasker, president and chief executive officer, and Matthew Keen, head of international of Thomson Reuters (TSX/NYSE: TRI) will present at the Barclays Americas Select Franchise Conference on Tuesday, May 9, 2023 at 9:00 a.m. BST. The presentation may include forward-looking information.

Thomson Reuters to Present at Barclays Americas Select Franchise Conference

Thomson Reuters (NYSE:TRI) may have reported higher sales and operating profit over the first quarter of 2023, but the positives were already priced in its share price, according to Canaccord. As a result, analysts at the brokerage have downgraded its rating on the media company's stock from Buy to Hold.

Thomson Reuters shares downgraded by analysts despite positive 1Q results

Thomson Reuters Corp (NYSE:TRI ) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET Company Participants Gary Bisbee - Head, IR Stephen Hasker - President, CEO & Director Michael Eastwood - CFO Conference Call Participants Drew McReynolds - RBC Capital Markets Kevin McVeigh - Credit Suisse Aravinda Galappatthige - Canaccord Genuity Heather Balsky - Bank of America Merrill Lynch Manav Patnaik - Barclays Bank Scott Fletcher - CIBC Vince Valentini - TD Cowen Maher Yaghi - Scotiabank Andrew Steinerman - JPMorgan Toni Kaplan - Morgan Stanley George Tong - Goldman Sachs Group Douglas Arthur - Huber Research Operator Good day, everyone, and welcome to the Thomson Reuters first quarter earnings call. Today's conference is being recorded.

Thomson Reuters Corp (TRI) Q1 2023 Earnings Call Transcript

Thomson Reuters (TRI) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.66 per share a year ago.

Thomson Reuters (TRI) Q1 Earnings Beat Estimates

Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence.

Thomson Reuters profit tops estimates as it plans AI push

TORONTO , May 2, 2023 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today reported results for the first quarter ended March 31, 2023:            Broad revenue momentum continued in the first quarter Total company revenue up 4% / organic revenue up 6% Organic revenue up 7% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals) Based on Q1 performance, maintained full-year 2023 organic revenue and adjusted EBITDA margin outlook Total revenue growth outlook updated for the company and the "Big 3" segments to incorporate the pending sale of a majority stake in Elite Completed $2 billion share buyback program; $718 million repurchased during first quarter Sold 24.5 million shares of LSEG in the first quarter, for gross proceeds of $2.3 billion Launched approximately $2.2 billion return of capital transaction, expected to be completed in June "Solid momentum continued across our business in the first quarter, with revenue and margins meeting or slightly exceeding our expectations," said Steve Hasker, President and CEO of Thomson Reuters. "While we acknowledge elevated macroeconomic uncertainty, our underlying business is resilient, and we are largely maintaining our 2023 outlook.

Thomson Reuters Reports First-Quarter 2023 Results

TORONTO , April 26, 2023 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI) today filed its management proxy circular and related documents in connection with the upcoming annual and special meeting at which shareholders will be asked to approve a proposed return of capital transaction, among other items. The management proxy circular and related documents are available online and for pick-up, as set out below.

Thomson Reuters Files Documents for Proposed Return of Capital Transaction

SAN FRANCISCO & FORT WORTH, Texas & TORONTO--(BUSINESS WIRE)--TPG (NASDAQ: TPG) and Thomson Reuters (TSX/NYSE: TRI) today announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters, valuing the business at approximately US$500 million. The Elite business provides financial and practice management solutions to the world's leading law firms, helping customers automate and streamline critical finance and accounting workflows.

Thomson Reuters and TPG to Establish Elite as an Independent Legal Tech Company

Thomson Reuters (NYSE:TRI) has announced it will return approximately US$2.2 billion from gross proceeds of about US$2.3 billion to shareholders after it sold some of its shares in the London Stock Exchange Group (LSEG).  The parent company of Reuters News said the money will be returned to shareholders through a cash distribution of US$4.67 per common share and a share consolidation, or reverse stock split, which will reduce the number of outstanding common shares on a basis that is proportional to the cash distribution.

Thomson Reuters says it will return US$2.2B to shareholders after selling LSEG shares

Thomson Reuters Corp. TRI, +0.69% TRI, -0.02% said Tuesday it's planning to return $2.2 billion to shareholders in the form of a cash distribution of $4.67 a share and a reverse stock split that will reduce the number of shares outstanding. The company said it will ask shareholders to approve the plan at its annual and special meeting planned for June 14.

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