Reuters To Implement Paywall System

On Thursday, Reuters News announced it will begin charging users $34.99 a month to access its website. 

The company, known as one of the largest news organizations in the world, also revealed plans for a redesigned website targeting a “professional” audience who wants business, financial and general news. 

After previewing five free stories, users will be asked to register for the website and pay $34.99 a month, the same as a Bloomberg digital subscription. The Wall Street Journal’s digital subscription costs $38.99 a month, while the New York Times costs $18.42 a month. 

The Reuters website has roughly 41 million visitors each month. Audience research has shown that those readers can be divided into two groups: those wanting breaking news and professionals looking for context and analysis on how the news has affected their industry, said Josh London, Reuter’s Chief Marketing Officer.

Reuters will release new subscriber-only sections on its website in the coming weeks that includes coverage of legal news, sustainable business, energy, health care and the auto industry. It also plans to introduce industry-specific newsletters. London called the new website “the largest digital transformation at Reuters in a decade.” 

This announcement comes just days after Alessandra Galloni has been named Reuters new Editor-in-Chief. Her predecessor, Stephen J. Adler, retired from Reuters after a decade. Galloni will officially start her job as Editor-in-Chief on Monday.

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