Reuters (via KELO)
international center
Background
Reuters was founded in London in 1851 by Paul Julius Reuter, a former bank clerk who initially used carrier pigeons and telegraph lines to move stock prices and commercial news between European cities. The agency expanded to newspapers beginning in 1858 and grew into a global network, establishing bureaus on six continents by the late 19th century. In 1870, Reuters, France's Havas, and Germany's Wolff divided global news markets among themselves, giving Reuters dominance across the British Empire and much of Asia. The agency remained independent for over 150 years until Thomson Corporation, a Canadian media and information conglomerate, acquired it in 2008 to create Thomson Reuters. The Thomson family's holding company, Woodbridge, retains majority control, and the company trades publicly on Nasdaq and the Toronto Stock Exchange. Because Reuters earns most of its revenue from financial data terminals and professional information subscriptions rather than advertising, it operates with less dependence on click-driven incentives than many ad-supported outlets. Major media-bias organizations—including Media Bias/Fact Check, AllSides, and Ad Fontes Media—consistently rate Reuters as centrist and among the most factually reliable news sources available. KELO-TV, which carries Reuters content, signed on in 1953 in Sioux Falls and passed through several owners before Nexstar Media Group acquired it in 2017 via its purchase of Media General.
Sources
- Who Owns Reuters – CompaniesHistory
- Reuters – Wikipedia
- Thomson Reuters – Britannica
- KELO-TV – Wikipedia
- Reuters – Media Bias/Fact Check
- Reuters Media Bias – AllSides
- Reuters Bias and Reliability – Ad Fontes Media
- Nexstar Media Group – Wikipedia
Profile compiled 2026-07-17; refreshed when ownership, funding, or the administration changes.