Although Thomson Reuters’ main business currently rests on subscriptions for its desktop financial data products, it will become more reliant on its consumer-facing media offerings. During Q1, that consumer-facing business appeared positive, but wasn’t quite robust, as the advertising rebound has been looking a bit more tepid in the face of continued economic uncertainty.
The media segment, which is part of Thomson Reuters’ Markets division, saw revenues rise just 1 percent in Q1. The news agency business was flat as well. In contrast to the general ad market, which remains uneven due to further a pullback on print ad spending, online is still gaining. As a result, the consumer business within the Media segment was up 6 percent in Q1, as internet advertising’s global growth was extended over the first three months of 2011.
The company’s outlook as a whole is mildly positive as well, as it expects revenues to grow mid-single digits through 2011.
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