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The Power of NewsThe History of Reuters$
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Donald Read

Print publication date: 1999

Print ISBN-13: 9780198207689

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198207689.001.0001

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Julius Reuter: Before and After 1851

Julius Reuter: Before and After 1851

(p.5) One Julius Reuter: Before and After 1851
The Power of News

Donald Read

Oxford University Press

The creation of the international news agency ‘Reuters’ turned out to be a notable event in the history of the worldwide communication of news. In a few years, news agencies were started in Paris, New York, and Berlin. Julius Reuter won fame as a man of business, his business built impressively upon the pioneering work of others in telegraphy and journalism. He had been born Israel as Beer Josaphat but later became known as Paul Julius Reuter. He set up his ‘Submarine Telegraph’ office in October 1851 just before the opening of the undersea cable in November, and he negotiated a contract with the London Stock Exchange to provide stock prices from exchanges in continental Europe in return for access to the London prices. In 1865, Reuter's private firm was restructured, and it became a limited company called the Reuter's Telegram Company.

Keywords:   Reuter, Reuter's Telegram Company, newspapers, Israel, telegraphs, The Times

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