media - Reuters' CEO gets a Chinese treat

Danwei discovered that Tom Glocer, the CEO of international newswire Reuters, got high level reception and coverage in Beijing.
What are these guys up to, must they be thinking too at the Xinhua Financial Newswire, headquartered in Hong Kong, but with bases also in Beijing and Shanghai. In the summer of last year their managing director Graham Earnshaw said at a meeting of the Shanghai Foreign Correspondents' Club, that "both Reuters and Bloomberg would be obsolete in two to three years because since the end of the 1990s both of them had been losing their technological competitive advantage of being able to deliver news in real time to their customers.
"The Internet, he went on to say, now made it possible for others, including XFN, to do the same kind of news gathering at a lesser cost. The worldwide operation of the older newswires – deploying a high number of journalists – is too high of a burden, he argued. Revenue streams in many places were being reduced to a trickle, and much of the overall news operation was having to be subsidized by the work in the more profitable financial markets." (At least that is how I summerize him in the latest Nieman Report that is not yet online.
Earnshaw, a 30-year Reuters veteran who retired there at the end of the 1990s is no longer mentioned at the XFN-site. And he does not mention XFN in his bio.