(cc) by totalAldo/flickrThomson Reuters announced its plans to launch as online video channel featuring the latest business news, keeping financial insiders up-to-date with the latest developments and market intelligence. Creatively described by IR magazine as 'YouTube for Wall Street', the site will capitalise on the need for instant access to up-to-the-minute information - especially in the current climate where keeping ahead of the came is the difference between staying afloat and finding yourself out of business.

A complement to Reuters traditional newsfeed, it is obvious that there is added value to its subscribers, especially with the option to share information, send it to their ubiquitous BlackBerry, etc., and the service looks to aim to piggyback on the current Reuters subscription model, rather than being funded via, e.g. advertising.