Stephen Smyth, the GM and SVP of Reuters (NSDQ: RTRSY) Media in U.S., is leaving the company this summer, we have learned, and confirmed from the company. He has been at the company for five years, and oversaw the media group's online and mobile efforts. From an internal company memo just sent out: "Stephen has decided that he would like to try something outside of Reuters, most likely as an entrepreneur. Stephen has been a real asset for us as we've built our consumer media business...In the interim, Stephen will continue to lead the sales team until we name a new head of RAM ad sales."
Most recently, Smyth led the launch of the Reuters Affiliate Network, and signed the Guardian, where Reuters ad sales teams are selling the Guardian's online U.S. audience/inventory.
We have also learned that a restructuring of the Reuters Media group may also be coming soon, though not clear on the details or if that would results in any layoffs, if at all. This comes after the Reuters-Thomson (NYSE: TOC) merger was cleared by the regulatory authorities and shareholders recently.
Disclaimer: We have a content syndication deal with Reuters for its online deals channel.
By Rafat Ali