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Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between
International Thomson Organization International Thomson Organization (ITO) was a Canadian holding company that was active from 1978 to 1989, with interests in publishing, travel, and natural resources. It was created as a part of a corporate restructuring of the Thomson Organizat ...
and Thomson Newspapers. In 2008, it purchased
Reuters Group Reuters Group plc was a British multinational media and financial information company headquartered in London, United Kingdom. It was acquired by the Thomson Corporation in 2008, forming Thomson Reuters, and moved its head office to Toronto. ...
to form
Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational corporation, multinational content-driven technology Conglomerate (company), conglomerate. The company was founded in Toronto, Ontario, Canada, and maintains its headquarters at 1 ...
. The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research, as well as tax and accounting sectors. The company operated through five segments (2007 onwards):
Thomson Financial Thomson Financial was an arm of the Thomson Corporation, an information provider. When the Thomson Corporation merged with Reuters to form Thomson Reuters in April 2008, Thomson Financial was merged with the business of Reuters to form the Market ...
,
Thomson Healthcare Merative L.P., formerly IBM Watson Health, is an American medical technology company that provides products and services that help clients facilitate medical research, clinical research, real world evidence, and healthcare services, through the u ...
, Thomson Legal,
Thomson Scientific Thomson Scientific was one of the six (later five) strategic business units of The Thomson Corporation, beginning in 2007, after being separated from Thomson Scientific & Healthcare. Following the merger of Thomson with Reuters Group to form Thom ...
and Thomson Tax & Accounting. Until 2007, Thomson was also a major worldwide provider of higher education textbooks, academic information solutions and reference materials. On 26 October 2006, Thomson announced the proposed sale of its Thomson Learning assets. In May 2007, Thomson Learning was acquired by
Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of March 2024, the firm had raised and adv ...
and subsequently renamed
Cengage Learning Cengage Group is an American educational content, technology, and services company for higher education, K–12, professional, and library markets. It operates in more than 20 countries around the world.(June 27, 2014Global Publishing Leaders 2 ...
in July. The Thomson Learning brand was used to the end of August 2007. Subsequently, on 15 October 2007,
Educational Testing Service Educational Testing Service (ETS), founded in 1947, is the world's largest private educational testing and assessment organization. It is headquartered in Lawrence Township, Mercer County, New Jersey, Lawrence Township, New Jersey, but has a P ...
(ETS) finalized acquisition of Thomson's
Prometric Prometric, also known as Prometric Testing, is an American test administration company. The corporate headquarters are located in Baltimore, Maryland, United States. The company manages a network of test centers, with thousands of sites in 160 ...
. Thomson sold its global network of testing centres in 135 countries, for a reported $435 million. Prometric now operates as a wholly owned subsidiary of ETS. On 15 May 2007, the Thomson Corporation reached an agreement with Reuters to combine the two companies, a deal valued at $17.2 billion. On 17 April 2008, the new company was created under the name of Thomson Reuters. The chief executive officer of Thomson Reuters is Jim Smith, and the
chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...
is David Thomson, formerly of the Thomson Corporation. Although it was officially a Canadian company and remained Canadian owned, Thomson was run from its operational headquarters in
Stamford, Connecticut Stamford () is a city in Fairfield County, Connecticut, United States, outside of New York City. It is the sixth-most populous city in New England. Stamford is also the largest city in the Western Connecticut Planning Region, Connecticut, Weste ...
, in the United States.


History

The Thomson Corporation grew from a single Canadian newspaper, the ''
Timmins Daily Press The ''Timmins Daily Press'' is a newspaper in Timmins, Ontario, which publishes six days a week. It is notable as the first paper founded by press baron Roy Thomson in the 1930s, who would eventually own more than 200 newspapers including ''The ...
'', acquired in 1934 by
Roy Thomson Roy Herbert Thomson, 1st Baron Thomson of Fleet, (5 June 1894 – 4 August 1976) was a Canadian-born British newspaper proprietor who became one of the moguls of Fleet Street in London. He first came to prominence when he was selling radios in ...
(later to become 1st Baron Thomson of Fleet), into a global media concern. Thomson acquired his first non-Canadian newspaper, the ''
Independent Independent or Independents may refer to: Arts, entertainment, and media Artist groups * Independents (artist group), a group of modernist painters based in Pennsylvania, United States * Independentes (English: Independents), a Portuguese artist ...
'' of St. Petersburg, Florida, in 1952. He was told by the UK Government that to qualify for a peerage, in keeping with other press barons in London, he would have to reside in the UK. Accordingly, he moved to Edinburgh and invited newspaper owners to sell to him. In this expansion in the United Kingdom the first to come forward and be bought was ''
The Scotsman ''The Scotsman'' is a Scottish compact (newspaper), compact newspaper and daily news website headquartered in Edinburgh. First established as a radical political paper in 1817, it began daily publication in 1855 and remained a broadsheet until ...
'' in 1953. He had no experience of television but saw the profits it made in the US and successfully founded
Scottish Television Scottish Television (now legally known as STV Central Limited) is the ITV (TV network), ITV network franchisee for Central Belt, Central Scotland. The channel — the largest of the three ITV franchises in Scotland — has been in operation si ...
in 1957, locating its headquarters and studios in the
Theatre Royal, Glasgow The Theatre Royal is the oldest theatre in Glasgow and the longest running in Scotland. Located at 282 Hope Street, its front door was originally round the corner in Cowcaddens Street. It currently accommodates 1,541 people and is owned by Scott ...
. He founded the Thomson Organization in 1959. In the 1960s, Thomson's UK publishing realm expanded to include Thomson Publication (UK), a consumer magazine and book publishing house, and ''
The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its si ...
''. In 1965, Thomson Newspapers, Ltd. was formed as a publicly traded company in Canada. Roy Thomson's prolific endeavours in publishing earned him the hereditary title
Lord Thomson of Fleet Roy Herbert Thomson, 1st Baron Thomson of Fleet, (5 June 1894 – 4 August 1976) was a Canadian-born British newspaper proprietor who became one of the moguls of Fleet Street in London. He first came to prominence when he was selling radios in ...
in 1964. Thomson's interests moved beyond publishing with the creation of
Thomson Travel Thomson Travel Group plc was a business formed by the Thomson Corporation of Canada, when it was floated on the London Stock Exchange in 1998. It was acquired by Preussag AG, an industrial and transport conglomerate, in 2000. The group continu ...
and acquisition of
Britannia Airways Britannia Airways Limited was a charter airline based in the United Kingdom. It was founded in 1961 as Euravia (London) Limited and became the world's largest holiday airline. Britannia's main bases were at London Gatwick, London Stansted, Lo ...
in 1965 and 1971, and a foray into a consortium exploring the
North Sea The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Se ...
for oil and gas. Thomson used its oil profits to buy small newspapers in the United States, starting with the acquisition of
Brush-Moore Newspapers Brush-Moore Newspapers, Inc. was a United States newspaper group based in Ohio which had its origins in 1923 and was sold to Thomson Newspapers in 1967 for $72 million, the largest ever newspaper transaction at that time.Newspapers: Strength in the Afternoon
''
Time (magazine) ''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first publishe ...
'', September 8, 1967
By the end of the 1970s, Thomson Newspapers' circulation in the United States had surpassed the 1 million mark. In 1974, it was rumored to be planning a takeover of
Speidel Newspapers Speidel Newspapers, Inc. was an American newspaper publisher with properties in the west and midwestern United States. It announced a merger with Gannet in 1976 that grew the combined company to 73 newspapers. History The company was founded a ...
. The Thomson Organization was reorganised into the
International Thomson Organization International Thomson Organization (ITO) was a Canadian holding company that was active from 1978 to 1989, with interests in publishing, travel, and natural resources. It was created as a part of a corporate restructuring of the Thomson Organizat ...
in 1978 in order to move its operating base from Britain to Canada, so that it would not be subject to British monopolies legislation, foreign‐exchange controls and dividend limitation. The International Thomson Organization and Thomson Newspapers merged in 1989, creating the Thomson Corporation. Over the years, the company has withdrawn from its holdings in the oil and gas business, the travel industry and department stores.Austen, Ian (July 3, 2006).
In Canada, the Torch is Passed on a Quiet but Profitable Legacy
. The New York Times (Business Day section) p. C1; accessed on July 3, 2006.
When
Kenneth Thomson Kenneth Roy Thomson, 2nd Baron Thomson of Fleet (September 1, 1923 – June 12, 2006), known in Canada as Ken Thomson, was a Canadian/British businessman and art collector. At the time of his death, he was listed by ''Forbes'' as the richest pe ...
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.


Transition to business information

In 1978, the acquisition of Wadsworth Publishing provided Thomson with its first entry into specialised information, college textbooks and professional books. (In 2007, Thomson Learning, including the Wadsworth imprint, was sold and renamed as
Cengage Learning Cengage Group is an American educational content, technology, and services company for higher education, K–12, professional, and library markets. It operates in more than 20 countries around the world.(June 27, 2014Global Publishing Leaders 2 ...
.) Starting in the mid-1990s, Thomson invested further in specialised 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 West (also known by its original name, West Publishing) is a business owned by Thomson Reuters that publishes legal, business, and regulatory information in print, and on electronic services such as Westlaw. Since the late 19th century, West has ...
, a legal information provider in
Eagan, Minnesota Eagan ( ) is a city in Dakota County, Minnesota, United States. It is south of Saint Paul, Minnesota, Saint Paul and lies on the south bank of the Minnesota River, upstream from its confluence with the Mississippi River. Eagan and the other near ...
. In recent years, Thomson provided much of the specialised 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 remained a publishing company, early and aggressive investment in electronic delivery had become a key company goal. "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 3 July 2006 article. "In some markets, Thomson was able to move past other players who were more cautious about digital conversion." In 2003, the Thomson Corporation bought the Chilton automotive assets. Also in 2003, Thomson acquired the software company Elite Information Group and medical education company Gardiner-Caldwell. Also in 2003, Thomson sold its medical magazine publishing units to Advanstar Communications. Thomson also acquired the publisher Techstreet. In 2004, Thomson acquired
Tradeweb Tradeweb Markets Inc. is an international financial technology company that builds and operates electronic over-the-counter (OTC) marketplaces for trading fixed income products, ETFs, and derivatives. Its customers include banks, asset manage ...
. In late 2004, the company sold its Thomson Media group to
Investcorp Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, ...
. The B2B publishing group, which features such titles as ''
American Banker ''American Banker'' is a New York-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, but continues to be published as a print magazine nine times a year. ...
,
National Mortgage News ''National Mortgage News'' is a digital media website covering the mortgage sector in the United States. Its editor-in-chief is Heidi Patalano. ''National Mortgage News'' is owned by Arizent. History ''National Mortgage Newss predecessor, ''Natio ...
'', and ''
The Bond Buyer ''The Bond Buyer'' is a century-old United States daily national trade newspaper based in New York City and focused on covering the municipal bond A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or ...
'', was renamed
SourceMedia Arizent, formerly known as SourceMedia, is a diversified business-to-business digital media company owned by Observer Capital, which acquired the company from Investcorp in August 2014. Formerly the Thomson Media division of The Thomson Corporatio ...
. In 2005, Thomson acquired medical education company Physicians World. In October 2006, the company confirmed it would sell the Thomson Learning market group in three parts. The first part, corporate education and training (NETg), has agreed to be sold to
Skillsoft Skillsoft is an American educational technology company that produces learning management system software and content. History Skillsoft was founded by Charles Moran in 1998. Moran served as chief executive officer and President from 1998 to 20 ...
for $285 million.
Apax Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of March 2024, the firm had raised and advi ...
announced its acquisition of Thomson's higher education business on 11 May 2007, for $7.5 billion in cash assets. In 2007, Thomson sold Thomson Medical Education (including Physicians' World and Gardiner-Caldwell) to private equity firm ABRY Partners. The group was renamed KnowledgePoint360.


Brands

Some of Thomson's brands are better known than the company name itself. Its brands include
Thomson ONE Thomson may refer to: Names * Thomson (surname), a list of people with this name and a description of its origin * Thomson baronets, four baronetcies created for persons with the surname Thomson Businesses and organizations * SGS-Thomson M ...
,
Westlaw Westlaw is an Computer-assisted legal research, online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries. Information resources on Westlaw include more than 40,000 databases of ca ...
,
FindLaw FindLaw is a business of Internet Brands that provides online legal information in the form of state laws, case law and codes, legal blogs and articles, a lawyer directory, DIY legal services and products, and other legal resources. The compa ...
, BARBRI,
Pangea3 Pangea3 is a legal outsourcing services provider with headquarters in New York City, Noida, Bangalore and Mumbai, India. Pangea3 provides legal services and intellectual property services to in-house counsel in U.S., European and Japanese corpo ...
,
Physician's Desk Reference The ''Physicians' Desk Reference'' (''PDR''), renamed ''Prescriber's Digital Reference'' after its physical publication was discontinued, is a compilation of manufacturers' prescribing information ( package insert) on prescription drugs, updated ...
(now published digitally as the ''Prescriber's Digital Reference''),
RIA A ria (; , feminine noun derived from ''río'', river) is a coastal inlet formed by the partial submergence of an unglaciated river valley. It is a drowned river valley that remains open to the sea. Definitions Typically rias have a dendriti ...
, Thomson Tax and Accounting (
tax A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
and
accounting software Accounting software is a computer program that maintains accounting, account books on computers, including recording Financial transaction, transactions and Balance (accounting), account balances. It may depend on virtual thinking. Depending on ...
and services for accountants), Creative Solutions, Quickfinder, DISEASEDEX (now merged with IBM Watson Health), DrugREAX, Medstat, Thomson First Call (now a subsidiary of the
London Stock Exchange Group London Stock Exchange Group plc, also known as LSEG, is a global provider of financial markets data and infrastructure headquartered in London, England. It owns the London Stock Exchange (on which it is also listed), Refinitiv, LSEG Technol ...
, known as
Refinitiv LSEG Data & Analytics, formerly Refinitiv, is an American-British global provider of financial market data and infrastructure. The company was founded in 2018 as a subsidiary of Thomson Reuters, which then sold a 55% stake to Blackstone Group L ...
), Checkpoint,
EndNote EndNote is a commercial reference management software package, used to manage bibliography, bibliographies and Citation, references when writing essays, reports and articles. EndNote was written by Richard Niles, and ownership changed hands se ...
(now produced by
Clarivate Clarivate Plc is a British-American Public company, publicly traded analytics company that operates a collection of subscription business model, subscription-based services, in the areas of bibliometrics and scientometrics; business intelligenc ...
, an independent company),
Derwent World Patents Index The Derwent World Patents Index (DWPI) is a database containing patent applications and grants from 44 of the world's patent issuing authorities. Compiled in English by editorial staff, the database provides a short abstract detailing the nature ...
(now produced by Clarivate), SAEGIS (now produced by Clarivate),
MicroPatent MicroPatent was a subsidiary of the Thomson Corporation (now Thomson Reuters). It was a commercial source for online patent and trademark information. The service offered a searchable collection of full text patent data, including patent documents f ...
,
Aureka Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling for ...
(now owned by Clarivate), Faxpat, OptiPat, Just Files, Faxpat, OptiPat, Just Files,
Corporate Intelligence Competitive intelligence (CI) is the process and forward-looking practices used in producing knowledge about the competitive environment to improve organizational performance. Competitive intelligence involves systematically collecting and anal ...
,
InfoTrac InfoTrac is a family of full-text databases of content from academic journals and general magazines, of which the majority are targeted to the English-speaking North American market. As is typical of online proprietary databases, various forms ...
(now owned by
Cengage Cengage Group is an American educational content, technology, and services company for higher education, K–12, professional, and library markets. It operates in more than 20 countries around the world.(June 27, 2014Global Publishing Leaders 2 ...
),
Delphion Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling for ...
, Arco Test Prep (now owned by Cengage),
Peterson's Directories Peterson's is an American company that has print and digital products and services, including test preparation, memory retention techniques, and financial aid and scholarship searches. Peterson's is currently headquartered in Denver, Colorado. ...
(now owned by Cengage), NewsEdge,
TradeWeb Tradeweb Markets Inc. is an international financial technology company that builds and operates electronic over-the-counter (OTC) marketplaces for trading fixed income products, ETFs, and derivatives. Its customers include banks, asset manage ...
,
Web of Science The Web of Science (WoS; previously known as Web of Knowledge) is a paid-access platform that provides (typically via the internet) access to multiple databases that provide reference and citation data from academic journals, conference proceedi ...
(now produced by Clarivate) and the
Arden Shakespeare The Arden Shakespeare is a long-running series of scholarly editions of the works of William Shakespeare. It presents fully edited modern-spelling editions of the plays and poems, with lengthy introductions and full commentaries. There have been t ...
(now published by
Bloomsbury Publishing Bloomsbury Publishing plc is a British worldwide publishing house of fiction and non-fiction. Bloomsbury's head office is located on Bedford Square in Bloomsbury, an area of the London Borough of Camden. It has a US publishing office located in ...
). Thomson formerly owned
Jane's Information Group Janes is a global open-source intelligence company specialising in military, national security, aerospace and transport topics, whose name derives from British author Fred T. Jane. History Jane's Information Group was founded in 1898 by Fred T. ...
, now owned by
Montagu Private Equity Montagu is a mid-market private equity firm. The primary investment focus of Montagu is on management buyouts of performing businesses with enterprise values typically ranging from €200 million to €1 billion. History The firm was founded in 19 ...
. These information sources are produced by the many companies of Thomson, including
West Publishing West (also known by its original name, West Publishing) is a business owned by Thomson Reuters that publishes legal, business, and regulatory information in print, and on electronic services such as Westlaw. Since the late 19th century, West has ...
,
Thomson Financial Thomson Financial was an arm of the Thomson Corporation, an information provider. When the Thomson Corporation merged with Reuters to form Thomson Reuters in April 2008, Thomson Financial was merged with the business of Reuters to form the Market ...
, ISI (now owned by Clarivate),
Thomson Gale Gale is a global provider of research and digital learning resources. The company is based in Farmington Hills, Michigan, United States, west of Detroit. It has been a division of Cengage since 2007. The company, formerly known as Gale Research a ...
(now owned by Cengage), Dialog Corporation (now owned by Clarivate), Brookers, Carswell, CCBN, Course Technology (now owned by Cengage), Gardiner-Caldwell, IHI, Lawbook Co, Wadsworth (now owned by Cengage),
Thomson CompuMark Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling for ...
(now owned by Clarivate) and
Sweet & Maxwell Sweet & Maxwell is a British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the International Thomson Organization in 1987, and is now part of Thomson Reuters. Its British ...
.
Thomson Reuters New Zealand Limited Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organization and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reuter ...
has been publishing and updating information on
New Zealand law The law of New Zealand uses the English common law system, inherited from being a part of the British Empire. There are several sources of law, the primary ones being acts enacted by the New Zealand Parliament and case law made by decisions o ...
since 1910, formerly as John Friend Ltd, to Brooker and Friend Ltd, to Brookers, to Thomson Brookers'. Thomson had divested many of its traditional media assets – or combined them with digital products – and had moved toward a larger reliance on information technology services and products.


Restatements

On 1 January 2004, Thomson adopted a new accounting standard, which required restatement of all prior periods. The company restated its financial reports accordingly.


Corporate governance

Members of the last
board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...
of Thomson were as follows:
David K.R. Thomson David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet (born 12 June 1957), is a Canadian/British hereditary peer and media magnate. Upon the death of his father in 2006, Thomson became the chairman of Thomson Corporation and also inherited his ...
(chairman of the board since 2002), W. Geoffrey Beattie, Richard Harrington,
Ron D. Barbaro Ron is a shortening of the name Ronald. Ron or RON may also refer to: Arts and media * Big Ron (''EastEnders''), a TV character * Ron (''King of Fighters''), a video game character *Ron Douglas, the protagonist in '' Lucky Stiff'' played by Joe ...
,
Mary Cirillo Mary may refer to: People * Mary (name), a female given name (includes a list of people with the name) Religion * New Testament people named Mary, overview article linking to many of those below * Mary, mother of Jesus, also called the Blesse ...
,
Robert Daleo The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' () "fame, glory, honour, praise, reno ...
, Steven Denning,
Maureen Darkes Maureen is a female name, the female form of the male name Maurice. In Gaelic, it is Máirín, a pet form of ''Máire'' (the Irish cognate of Mary), which is derived from the Hebrew Miriam. Some notable bearers of the name are: People * Maureen ...
, Roger Martin, Vance Opperman, John M. Thompson, Peter Thomson, Richard Thomson and
John A. Tory John Arnold Tory (March 7, 1930 – April 3, 2011) was a Canadian lawyer and corporate executive. Early life and education Tory was born in Toronto, Ontario, to Kathreen Jean Arnold Tory ( Arnold) and John S. D. Tory, a lawyer who foun ...
. The Thomson family owned 70% of the company. When
Kenneth Thomson Kenneth Roy Thomson, 2nd Baron Thomson of Fleet (September 1, 1923 – June 12, 2006), known in Canada as Ken Thomson, was a Canadian/British businessman and art collector. At the time of his death, he was listed by ''Forbes'' as the richest pe ...
died in June 2006, control of the family fortune passed on to
David K.R. Thomson David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet (born 12 June 1957), is a Canadian/British hereditary peer and media magnate. Upon the death of his father in 2006, Thomson became the chairman of Thomson Corporation and also inherited his ...
under a plan put together decades earlier by company founder
Roy Thomson Roy Herbert Thomson, 1st Baron Thomson of Fleet, (5 June 1894 – 4 August 1976) was a Canadian-born British newspaper proprietor who became one of the moguls of Fleet Street in London. He first came to prominence when he was selling radios in ...
. "David, my grandson, will have to take his part in the running of the organisation and David's son, too,"
Roy Roy or Roi is a masculine given name and a family surname with varied origins. France In France, this family name originated from the Normans, the descendants of Norse Vikings who migrated to Amigny, a commune in Manche, Normandy.. The deriva ...
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." The Thomson family controlled the Thomson Corporation through a family-owned entity,
the Woodbridge Company The Woodbridge Company Limited is a Canadian private holding company based in Toronto, Ontario. It is the primary investment vehicle for members of the family of the late Roy Thomson. David W. Binet was the president and chief executive office ...
, based in
Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...
. (Along with 70% of Thomson Corporation, Woodbridge also owns a 40% stake in
CTVglobemedia Bell Media Inc. ( French: ) is a Canadian media conglomerate that is the mass media subsidiary of BCE Inc. (also known as Bell Canada Enterprises, the owner of telecommunications company Bell Canada). Its operations include national television ...
, which now owns the ''
Globe and Mail ''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on weekdays and Saturdays, although it fall ...
'' daily newspaper in Toronto and CTV, Canada's largest commercial TV network.)
David K.R. Thomson David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet (born 12 June 1957), is a Canadian/British hereditary peer and media magnate. Upon the death of his father in 2006, Thomson became the chairman of Thomson Corporation and also inherited his ...
and his brother, Peter Thomson, became co-chairmen of Woodbridge after their father's death.


References


Further reading

* *


External links

* {{DEFAULTSORT:Thomson Corporation, The Thomson Reuters Book publishing companies of Canada Companies based in Toronto Companies based in Stamford, Connecticut Canadian companies established in 1989 Canadian companies disestablished in 2008 Publishing companies established in 1989 Publishing companies disestablished in 2008 2008 mergers and acquisitions Companies formerly listed on the Toronto Stock Exchange Companies formerly listed on the New York Stock Exchange