Reuters has decided to cancel Next, the consumer-facing website that had been in the works for more than two years, Chief Executive Andrew Rashbass announced this morning in a staff email.
“Next is a long way from achieving either commercial viability or strategic success. In fact, I believe the existing suite of Reuters.com sites is a better starting point for where we need to go,” Mr. Rashbass wrote. “Therefore, I have decided to cancel the Next project and put our efforts into enhancing and improving the existing Reuters.com sites. We will repurpose as much of the Next development work as we can for that.” Read More