Redwood Publishing is on the verge of relaunching Reuters Magazine, circulated free to the world’s leading Governments, financial and media organisations who subscribe to Reuters.
Reuters Magazine is published bimonthly and distributed free to 130,000 clients in Europe, the Middle East, Africa, Asia, Australia and the US.
It is edited by Hester Abrams and currently produced at Reuters’ offices in London. But it is understood customer magazine publisher Redwood has been given a brief to "re-vitalise" the magazine and strengthen its circulation overseas.
Redwood is believed to have won the contract after a competitive pitch with rival magazine publishers last year. "It wasn’t your average beauty parade, it was more of a selective process," a source said. "It is not a complete overhaul but they are hoping it will evolve into a stronger vehicle." Redwood has been working with Reuters on a consultancy basis for several months but the project has been kept firmly under wraps pending approval from Reuters.
Abrams, who joined the title last year, is expected to remain as editor and the magazine will continue to feature market analysis and trend reports as well as information on Reuters’ products and services worldwide.
The magazine will also continue to rely on contributions from its international network of correspondents.
Redwood has yet to confirm the print run and launch date. Sources say the contract will give Redwood a firm foothold overseas and raise its profile among leading financial, banking and media companies.
By Ruth Addicott