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Encyclopedia > The Thomson Corporation
The Thomson Corporation
Type Public (NYSETOC), TSXTOC)
Founded 1989
Headquarters Stamford, Connecticut, USA
Key people David Thomson, Chairman
Products books, publishing
Revenue US $6.641 billion (2006)[1]
Net income US $1.120 billion (2006)
Employees 38,000
Website www.thomson.com
Thomson Corporation headquarters
Thomson Corporation headquarters

The Thomson Corporation (NYSETOC TSXTOC) is one of the world's largest information companies. Thomson is active in financial services, healthcare sectors, law, science & technology research, and tax & accounting sectors. The company operates through five segments (2007 onwards): Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific, and Thomson Tax & Accounting. Thomson has several meanings: Thomson SA, formerly known as Thomson Multimedia, a French electronics manufacturer and media services provider. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... “TSX” redirects here. ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Nickname: Location in Connecticut Coordinates: , NECTA Region Settled 1641 Incorporated (city) 1893 Consolidated 1949 Government  - Type Mayor-Board of representatives  - Mayor Dannel Malloy (Dem) Area  - City 134. ... David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet (born 12 June 1957) is a Canadian businessman. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... USD redirects here. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... USD redirects here. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... “TSX” redirects here. ... Thomson Financial is an arm of The Thomson Corporation, one of the worlds leading information companies, focused on providing integrated information solutions to business and professional customers. ... Thomson Scientific & Healthcare is one of the four operating divisions of the Thomson Corporation. ...


Until recently, Thomson was also one of the world's leading providers of higher education textbooks, academic information solutions and reference materials. On October 26, 2006, Thomson announced the proposed sale of its Thomson Learning assets. In May 2007, Thomson Learning was acquired by Apax Partners and subsequently renamed Cengage Learning in July. The Thomson Learning brand was used through the end of August, 2007. [2] is the 299th day of the year (300th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Cengage Learning, formerly Thomson Learning[1], is a publisher with operations in 39 countries. ...


Its stock is listed on the New York (since June 2002) and Toronto Stock Exchanges (ticker symbol TOC), with headquarters in Stamford, Connecticut. For other uses, see Stock (disambiguation). ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Also see: 2002 (number). ... “TSX” redirects here. ... A stock symbol or ticker symbol is a shorthand code used to uniquely identify shares of a publicly-traded corporation on a particular stock market. ... Nickname: Location in Connecticut Coordinates: , NECTA Region Settled 1641 Incorporated (city) 1893 Consolidated 1949 Government  - Type Mayor-Board of representatives  - Mayor Dannel Malloy (Dem) Area  - City 134. ...


The current company was created in 1989 by the merger of Thomson Organization and Thomson Newspapers. Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... International Thomson Organization was a development of the commercial empire founded by Lord Thomson of Fleet (Roy Thomson). ...


On May 15, 2007, The Thomson Corporation reached an agreement with Reuters to combine the two companies, a deal valued at $17.2 billion. Thomson will control about 53% of the new company, to be named Thomson-Reuters. The new head of Thomson-Reuters will be Tom Glocer, the current head of Reuters.[3] is the 135th day of the year (136th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Reuters Group plc (LSE: RTR and NASDAQ: RTRSY); pronounced is known as a financial market data provider and a news service that provides reports from around the world to newspapers and broadcasters. ... Wikinews has related news: Thomson Corporation and Reuters agree to merge Thomson-Reuters Corporation is the name of a media company that will be created when The Thomson Corporation and Reuters merge. ... Tom Glocer (born 8 October 1959) is the CEO of Reuters. ...


Although officially a Canadian company, Thomson is run from its operational headquarters in Stamford, Connecticut. It remains Canadian owned. Nickname: Location in Connecticut Coordinates: , NECTA Region Settled 1641 Incorporated (city) 1893 Consolidated 1949 Government  - Type Mayor-Board of representatives  - Mayor Dannel Malloy (Dem) Area  - City 134. ...

Contents

History

Since its founding by Roy Herbert Thomson, Thomson's history has developed alongside the media age. By the end of the 1950s, Thomson had grown from a single Canadian newspaper, The Timmins Press, into a global media concern. It held several prominent newspapers in the United Kingdom, including The Sunday Times and The Scotsman, and it owned Scottish Television. Roy Herbert Thomson, 1st Baron Thomson of Fleet (June 5, 1894 – August 4, 1976) was a newspaper proprietor and media entrepreneur. ... The Sunday Times is a Sunday broadsheet newspaper distributed in the United Kingdom and Republic of Ireland, published by Times Newspapers Ltd, a subsidiary of News International which is in turn owned by News Corporation. ... The Scotsmans offices in Edinburgh The Scotsman is a Scottish national newspaper, published in Edinburgh. ... Scottish Television (now legally known as STV Central Ltd and referred to on-air as STV) is Scotlands largest ITV franchisee, and has held the ITV franchise for Central Scotland since August 31, 1957. ...


In the 1960s, Thomson's publishing realm expanded further to include Thomson Publication (UK), a consumer magazine and book publishing house, and the prestigious The Times of London. In 1965, Thomson Newspapers, Ltd. was formed as a publicly traded company in Canada. Roy Thomson's prolific endeavors in publishing had earned him a hereditary title, Lord Thomson of Fleet. Yet, Thomson's interests moved beyond publishing with the creation of Thomson Travel and acquisition of Britannia Airways in 1965 and 1971, and a foray into a consortium exploring the North Sea for oil and gas. The Times is a national newspaper published daily in the United Kingdom (and the Kingdom of Great Britain before the United Kingdom existed) since 1788 when it was known as The Daily Universal Register. ... Britannia Boeing 757-200 shortly after take-off Britannia Airways was the largest charter airline in the United Kingdom, rebranded as Thomsonfly in 2005. ... The North Sea is a sea of the Atlantic Ocean, located between the coasts of Norway and Denmark in the east, the coast of the British Isles in the west, and the German, Dutch, Belgian and French coasts in the south. ...


By the end of the 1970s, Thomson Newspapers' circulation in the United States had surpassed the 1 million mark. The company assumed its current name in 1989 with the merger of Thomson Newspapers and the International Thomson Organization. International Thomson Organization was a development of the commercial empire founded by Lord Thomson of Fleet (Roy Thomson). ...


Over the years, the company has withdrawn from its holdings in the oil and gas business, the travel industry and department stores.[4]


When Kenneth Thomson took over from his father Roy in 1976, the company was worth about $500 million. At Kenneth's death in June 2006, the company was valued at about $29.3 billion.[4] Kenneth Roy Thomson, 2nd Baron Thomson of Fleet (1 September 1923 – 12 June 2006) was a Canadian businessman and art collector who, at the time of his death, was the ninth richest person in the world, according to Forbes. ...


Transition to business information

In 1978, the acquisition of Wadsworth Publishing provided Thomson with its first entry into specialized information, college textbooks and professional books.[4]


Starting in the mid-1990s, Thomson invested further in specialized information services (but this time providing them in digital format) and began selling off its newspapers. That was about the time Richard J. Harrington, an accountant, became chief executive officer of the company. One of the first moves came when Thomson spent $3.4 billion to acquire the West Publishing Company, a legal information provider in Eagan, MN.[4] Eagan is a city located in Dakota County, Minnesota. ...


Today, Thomson provides much of the specialized information content the world's financial, legal, research and medical organizations rely on every day to make business-critical decisions and drive innovation. While it remains a publishing company, early and aggressive investment in electronic delivery has become a key company goal.[4] “Publisher” redirects here. ...


"Except for its educational division, which still publishes a substantial number of conventional textbooks, Thomson had the good fortune to move into these businesses as customers were demanding electronic delivery of their information," according to a July 3, 2006 article in The New York Times. "In some markets, Thomson was able to move past other players who were more cautious about digital conversion."[4] The New York Times is a daily newspaper published in New York City and distributed internationally. ...


Although Thomson's new business areas are profitable, they may not be as well-known, or appear as glamorous, which may be why the company tends to have a relatively low profile. About 80 percent of the stock not controlled by the Thomson family is owned by Canadians already familiar with the company.[4]


Brands

Some of Thomson's brands are better known than the company name itself. Its brands include Westlaw, FindLaw, BarBri, Physician's Desk Reference, RIA, Tax and Accounting (tax and accounting software and services for Accountants), Quickfinder, DISEASEDEX, DrugREAX, Medstat, Thomson First Call, Checkpoint, EndNote, Derwent World Patent Index, SAEGIS, Micropatent, Aureka, Faxpat, OptiPat, Just Files, Corporate Intelligence, InfoTrac, Delphion, Arco Test Prep, Peterson's Directories, TradeWeb, Web of Science and the Arden Shakespeare. Thomson formerly owned Jane's Information Group. These information sources are produced by the many companies of Thomson, including West Publishing, Thomson Financial, ISI, Thomson Gale, Dialog Corporation, Brookers, Carswell, CCBN, Course Technology, Gardiner-Caldwell, IHI, Lawbook Co, Wadsworth, Thomson CompuMark, and Sweet & Maxwell. The examples and perspective in this article do not represent a worldwide view. ... FindLaw. ... BarBri is a company in the United States that offers the most widely used bar exam preparation course in the country. ... The Physicians Desk Reference (PDR) is a commercially published compilation of manufacturers prescribing information on prescription drugs, updated annually. ... The term checkpoint may refer to: A place at which vehicles or pedestrians are stopped in order to enforce laws or security measures. ... An EndNote library and an individual reference. ... Micropatent is a subsidiary of the Thomson Corporation. ... Infotrac is a well-known full-text database produced by the Thomson Corporation. ... TradeWeb is the worlds leading online trading marketplace for fixed-income securities. ... Web of Science is an online academic database provided by Thomson Scientific. ... Janes Information Group (often referred to as Janes) was founded by John F.T. Jane in 1898. ... Westlaw is one of two major fee-based online legal research systems, providing access to state and federal statutes, case law materials, public records, and other legal resources. ... Thomson Financial is an arm of The Thomson Corporation, one of the worlds leading information companies, focused on providing integrated information solutions to business and professional customers. ... The Institute for Scientific Information (ISI) was founded by Eugene Garfield in 1960. ... Thomson Gale is a part of the Thomson Learning division of the Thomson Corporation, and is based in Farmington Hills, Michigan, in the western suburbs of Detroit. ... Dialog is an online-based information service. ... Carswell is a Canadian law publishing house. ... Information Holdings Inc. ... British publisher joined the Thomson Organization in about 1987. ...


In 2003, the Thomson Corporation bought the Chilton automotive assets. Chilton Publishing Company was founded in 1922 in West Philadelphia, Pennsylvania. ...


In late 2004, the company sold its Thomson Media group to a Middle Eastern investment firm. The B2B publishing group, which features such titles as American Banker and The Bond Buyer, is now known as SourceMedia. Business-to-business (B2B) describes relations of commercial partners, without serving the end consumer. ... American Banker is a daily newspaper covering the financial services industry. ... The Bond Buyer is a daily national trade newspaper based in New York City and focused on covering the municipal bond industry. ... It is proposed that this article be deleted, because of the following concern: Does not meet WP:CORP If you can address this concern by improving, copyediting, sourcing, renaming or merging the page, please edit this page and do so. ...


In October 2006, the company confirmed it will sell the Thomson Learning market group in three parts. The first part, corporate education and training (NETg), has agreed to be sold to Skillsoft for $285 million. Apax announced its acquisition of Thomson's higher education business on May 11, 2007 for $7.5 billion in cash assets. Apax Partners is a private equity and venture capital firm which operates in the United Kingdom, United States, Europe, and Israel. ...


Thomson has now divested many of its traditional media assets -- or combined them with digital products -- and has moved towards a larger reliance on information technology services and products.


Corporate governance

Current members of the board of directors of Thomson are: David K.R. Thomson (chairman of the board since 2002), W. Geoffrey Beattie, Richard Harrington, Ron Barbaro, Mary Cirillo, Robert Daleo, Steven Denning, Maureen Darkes, Roger Martin, Vance Opperman, John M. Thompson, Peter Thomson, Richard Thomson, and John A. Tory. Chairman of the Board redirects here. ... John A. Tory is a Toronto lawyer and corporate executive. ...


The Thomson family owns 70 percent of the company.[4]


When Kenneth Thomson died in June 2006, control of the family fortune passed on to David K.R. Thomson under a plan put together decades earlier by company founder Roy Thomson.[4] Kenneth Roy Thomson, born September 1, 1923 in Toronto, Ontario, Canada, is the 2nd Baron Thomson of Fleet and a businessman and art collector. ... David K.R. Thomson (born 1958) is a Canadian businessman. ... Roy Herbert Thomson, 1st Baron Thomson of Fleet (June 5, 1894 – August 4, 1976), was a newspaper proprietor and media entrepreneur. ...


"David, my grandson, will have to take his part in the running of the Organisation and David's son, too," Roy wrote in his 1975 autobiography. "With the fortune that we will leave to them go also responsibilities. These Thomson boys that come after Ken are not going to be able, even if they want to, to shrug off these responsibilities."[4] Roy Herbert Thomson, 1st Baron Thomson of Fleet (June 5, 1894 – August 4, 1976) was a newspaper proprietor and media entrepreneur. ...


The Thomson family controls The Thomson Corporation through a family-owned entity, The Woodbridge Company, based in Toronto. (Along with 70 percent of Thomson Corporation, Woodbridge also owns a 40 percent stake in CTVglobemedia, which now owns The Globe and Mail daily newspaper in Toronto and CTV, Canada's largest commercial TV network.) David K.R. Thomson and his brother, Peter J. Thomson, became co-chairmen of Woodbridge on their father's death.[4] The Woodbridge Company Limited is a Canadian holding company owned by the Thomson family and the principal shareholder of The Thomson Corporation. ... “Baton Broadcasting” redirects here. ... The Globe and Mail is a Canadian English-language nationally distributed newspaper, based in Toronto and printed in six cities across the country. ... This article is about the Broadcast Television Network CTV, for the broadcasting television company see CTVglobemedia. ... David K.R. Thomson (born 1958) is a Canadian businessman. ...


References

  1. ^ Google Finance. Retrieved on 2007-05-08.
  2. ^ PRNewswire (July 24, 2007). "Thomson Learning Announces New Name - CENGAGE Learning". Press release. Retrieved on July 29, 2007.
  3. ^ Thomson, Reuters agree on merger terms. Retrieved on 2007-05-15.
  4. ^ a b c d e f g h i j k [1]"In Canada, the Torch is Passed on a Quiet but Profitable Legacy," by Ian Austen, The New York Times (Business Day section) p. C1, July 3, 2006; accessed on July 3, 2006.

Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 128th day of the year (129th in leap years) in the Gregorian calendar. ... For information on Wikipedia press releases, see Wikipedia:Press releases. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 135th day of the year (136th in leap years) in the Gregorian calendar. ... is the 184th day of the year (185th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 184th day of the year (185th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

External links

  • History of The Thomson Corporation and the Thomson family

Company owned sites and services


  Results from FactBites:
 
Thomson Corporation - Wikipedia, the free encyclopedia (673 words)
The Thomson Corporation (NYSE: TOC TSX: TOC) is one of the world's leading information companies, focused on providing integrated information solutions to business and professional customers.
Yet, Thomson's interests moved beyond publishing with the creation of Thomson Travel and acquisition of Britannia Airways in 1965 and 1971, and a foray into a consortium exploring the North Sea for oil and gas.
Although Thomson sold its newspapers and many of its print magazines, it is still referred to as a publishing company.
Thomson - Wikipedia, the free encyclopedia (507 words)
Thomson effect, named for William Thomson, 1st Baron Kelvin, which is the heating or cooling of a current-carrying conductor when a temperature gradient is present
Thomson Holidays, a UK based travel company founded by the Thomson Corporation in 1965.
Edward Thomson, a bishop in the Methodist Episcopal Church
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