While reading news on Reuters today i noticed they want the pubilic at large to share photos and videos of news events to them so they can use them in their news stories. However, they won't pay for them.

Their terms of use are as follows (emphasis mine):

By submitting material (including a picture, a video, other images, audio and/or text) to Reuters, you are agreeing to be bound by the Terms of Use for Submitted Materials which give Reuters a royalty-free, non-exclusive license to publish and use any material you submit and to a use of your personal data in accordance with Reuters Privacy / Data Protection Policy. You must own the copyright in the material you submit. Reuters is under no obligation to publish any material submitted. Material and any your personal data submitted to Reuters may be posted on and shared with any third party site that Reuters uses to receive your submission or to host and display such material.

Is Reuters hurting for cash, is that why they want free pictures? It doesn't look like they are doing so bad. Can I use their copyrighted material for commercial use for free? No, it appears not (I can use it for personal use for free).

A New York times article from 2006 says they will pay if they distribute the picture to a client. None of that is in the terms and I wonder how that whole process works. Do they give you an option? What kind of price to they offer to redistribute the photos?