Thursday, August 26, 2004

Outsourcing Media and Publishing

The Times of India reports Reuters move to outsource editorial jobs to India has signaled a new era in global media and publishing.

"New York Times is already outsourcing many components of its publishing tools from a US-based software company, which is offshoring work to India. Digitalisation work of US newspapers are also outsourced to Indian companies."

"Reuters centre in Bangalore will hire 60 people and monitor company announcements made in US and Europe and outsource basic data analysis, compile tables. It admits that main reason for outsourcing is to save money. It employs over 300 non-editorial people who help in crunching market data in Bangalore."

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