International Herald Tribune Taps Reuters for Business

Partnership Formed Days Before News Corp. Takeover of Dow Jones

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NEW YORK ( -- The International Herald Tribune and Reuters have formed a partnership to collaborate on business news, possibly strengthening their position just days before Rupert Murdoch closes his acquisition of Dow Jones -- and escalates an arms race among international media.

Starting Jan. 7, the Herald Tribune's business sections in print and online will be renamed "Business With Reuters" to reflect the origin of its content, which also will be available through Reuters terminals and the Reuters site.

The new partners did not mention News Corp.'s pending purchase of Dow Jones and its crown jewel, The Wall Street Journal, but the deal isn't far from the mind of anyone in the news business. Dow Jones shareholders are expected to finally ratify it in a vote scheduled for Thursday. And Mr. Murdoch has said he plans to use his new properties to go after The New York Times, whose parent company owns the IHT.

More collaboration to come
"We are combining the very best of two of the best journalistic organizations on earth to produce a global report on finance, economics and business of the highest caliber," Mike Oreskes, executive editor of the IHT, said in a statement. "It is difficult to imagine a moment when this matters more."

Reuters said the partnership augured still more cooperation ahead. "Our two brands are very complementary, combining Reuters' global insight and the Herald Tribune's unique flair for the news that matters," said Monique Villa, managing director of Reuters Media. "This is an exciting first step in what promises to be a rich and fruitful relationship with the IHT and The New York Times Co. as a whole."
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