Thomson Reuters: Westlaw sales up, but print declines dragging down profits

From today’s Financial Times (p. 16), “Thomson Reuters raises revenue outlook”

“The professional division . . . saw strong subscription revenues in its large legal business, WestLaw, but further declines in its high-margin print products, dragging operating profits in legal down 6 per cent.

The new WestLawNext product . . . had been sold to more than 9,000 customers, double its initial expectations,” according to Tom Glocer, chief executive of the financial and professional information group.

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