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> “ In 1969, Reuters needed money to further expand in the Middle East and Western powers such as Britain wanted to bolster their influence against the Soviet U
by glompers 3y ago
> “ In 1969, Reuters needed money to further expand in the Middle East and Western powers such as Britain wanted to bolster their influence against the Soviet Union by expanding news services across the world, the documents showed.
The secret government financing of Reuters - as set out in the documents - amounted to 245,000 pounds ($317,838 at current exchange rates) per year before 1969 but then reduced to 100,000 pounds per year in 1969-1970 and nothing in 1972-1973.”
I don’t grasp what the article’s writer meant by “current exchange rates” and “before 1969” here, but in any event it sounds like only a few million real constant 2023 dollar equivalents, total, were involved, which is less like a secret think tank and more like travel and bureau support, which is basically what is being admitted to.