Quote to Note: Thomson Reuters Sustainable Growth
July 30, 2014
Good news for Thomson Reuters, one of the bellwether outfits for professional publishing and “real” news. The company continues to struggle with flat line revenue. But profits are up. You can read the good news in the Thomson Reuters’ story about Thomson Reuters in “Thomson Reuters Reports Rise in Revenue, Profit.” Nestled comfortably in the story is a quote to note:
“The actions we are taking are building a platform for sustainable growth,” Smith said, “and we will continue to simplify our organization and position resources behind the most promising growth opportunities.”
I will not ask the question, “Is sustainable growth based on flat top line revenue?” I will not ask, “What cost cutting steps are in store for employees in the next six to nine months?”
Thomson Reuters’ frequently rotated executives have been trimming, squeezing, and cutting back for four, maybe five or more years. Other professional publishing companies have been trodding the same path, now becoming well worn. The easy reductions may be difficult to identify. Whatever is next may be like a person forced to dine on a weight loss clinic in Arizona.
One atta boy for Thomson Reuters: Years ago when I did some low level work for them, then top dog Michael Brown and Gene Gartlan paid the bill and were quite professional. I wish to point out that their behavior stands in sharp contrast to that of IDC, a mid tier consulting firm, who took a different approach toward my work. See my Schubmehl surfing write up at http://bit.ly/1o8XCiF. I am cheering for Thomson Reuters. IDC? Eh, not so much.
Stephen E Arnold, July 30, 2014
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