Thomson Corporation

Thomson Corporation

Thomson Corporation is a publishing and information services powerhouse serving businesses, libraries, and individuals worldwide. Thomson Corporation was one of the largest information companies in the world. Born in Toronto in 1894, Roy Thomson dropped out of school at the age of 14 and was the branch director of a cookie company and, later, a Cordez organization. After a brief, unsuccessful attempt at agriculture in Saskatchewan, he returned to Ontario in 1920 to establish an automotive parts distributorship, which also proved unsuccessful. It was established in 1989 after the merger between the International Thomson Organization Limited (ITL) and Thomson Newspapers. In 2006, it was bought by the Reuters Group to form Thomson Reuters. With operations in 40 countries around the world, Thomson is organized into four divisions, each with a leader in its field: legal and regulatory (providing legal, tax, accounting, professional and public market services); Learning (to serve higher education, corporate, professional and government clients); Financial (provides markets for investment, banking, and financial planning); And scientific and healthcare (serving in research, healthcare, scientific and academic markets).

Until 2007, Thomson was also a worldwide leading provider 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 1952, Thomson bought his first magazine outside of Canada, The Independent in St. Petersburg, Florida, to add to his own 12. Thomson moved to Great Britain in 1953, when a change occurred when the then 30-year-old boy left the North American expedition under Kenneth’s control. When Central Scotland became available to Thomson, Scotland’s leading newspaper, in 1957, his ‘money-printing license’ was in a great position to make a successful bid for the commercial television franchise. The huge profits from Scottish Television (STV) made it possible for him to buy London’s leading Sunday papers, the Sunday Times, and, in 1959, another local magazine from the Kemcili family. Newspapers bought Thomson’s STV in exchange for shares in Casey, which gave Thomson majority control of the group and allowed him to indirectly maintain STV with control of 100% of the total business (holding Thomson’s obligation reduced after strict government control).

On May 15, 2007, Thomson Corporation reached a 17.2 billion deal with Reuters to merge the two companies. On April 17, 2008, the new company was formed under the name Thomson Reuters. By 1978 a strike over pay and conditions had severely hampered the publication of both titles. The situation continued to deteriorate until the company suspended publication for 11 months. Jim Smith is the chief executive officer of Thomson Reuters and David Thomson is the chairman, who preceded Thomson Corporation. Although it was officially a Canadian company and owned by Canada, Thomson operated from its headquarters in Stamford, Connecticut, in the United States.

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