The Canadian media conglomerate reported a loss of US$0.24 a share, down from a profit of US$2.15 a share in the same period last year. The company said the loss was driven by “a significant reduction in the value of the company’s investment in London Stock Exchange Group.” Total revenue, meanwhile, increased five per cent to US$1.6 billion. (The Logic)

Talking point: The company posted revenue gains for its three largest divisions: six per cent for legal, nine per cent for corporate and 10 per cent for tax and accounting services. Reuters News revenue climbed 12 per cent compared to a year earlier. The company raised its revenue outlook for 2022 from 5.5 per cent growth to six per cent. Despite shaky economic conditions, it hasn’t changed its 2023 outlook. “The vital signs are still healthy,” said CEO Steve Hasker. “Having said that, we’ve got a healthy paranoia about what might transpire.” Meanwhile, the company alerted customers Wednesday that nearly 300 U.S. journalists are preparing a daylong strike—a first in more than 30 years—over ongoing contract negotiations hinging partly on pay increases.