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Reuters News going behind paywall

Reuters News is introducing a new subscription website targeting professionals. will remain free for a preview period, but will require users to register after five stories. It is not immediately clear when it will begin charging, Reuters reports. will charge USD 34.99 per month for a deeper level of coverage and data on industry verticals that include legal, sustainable business, healthcare and autos.

Competitor charges USD 34.99 per month before discounts and the Wall Street Journal  USD 38.99.

Josh London, Chief Marketing Officer, Reuters and Head of Reuters Professional, in a statement called the launch “the largest digital transformation at Reuters in a decade.”

“Professionals need direct access to industry knowledge, data and insights from expert sources, and Reuters is pleased to offer our trusted, impartial and accurate news coverage through a premium offering.”

Reuters President Michael Friedenberg and newly appointed Editor in Chief Alessandra Galloni have said the success of the digital and events business is one of their top priorities.

Reuters generates around half of its revenue from its biggest client, financial data specialist Refinitiv.

Refinitiv was part of Thomson Reuters until 2018 when a majority stake was purchased by private equity firm Blackstone Group LP in a deal valuing the business at about USD 20 billion. It was then sold to the London Stock Exchange Group Plc in a  USD 27 billion all-stock deal that closed this year.

Reuters also licenses text, video, pictures, data and graphics to media companies, which, in many cases, offer the content for free to consumers, as well as to tech companies and corporations. And it generates advertising revenue from the website, which attracts around 41 million unique visitors monthly.

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