We received queries from our readers asking if Reuters is a 'Russian-owned' news organization. This is false.
The agency was established by Paul Julius Reuter, a former bank clerk who in 1847 became a partner in Reuter and Stargardt, a Berlin book-publishing firm. The firm distributed radical pamphlets at the beginning of the Revolutions of 1848, which may have brought official scrutiny on Reuter. Later that year he left for Paris, where he worked for a short time as a translator. In 1849 he initiated a prototype news service, using electric telegraphy as well as carrier pigeons in his network.
In 1851 Reuter opened an office with the help of an 11 year-old office boy at 1 Royal Exchange Building in London's financial centre, located close to the main telegraph offices. Using his"telegraph expertise," he transmits stock market quotations and news between London and Paris over the new Dover-Calais submarine telegraph cable.
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