21 Facts About Thomson Corporation

Thomson Corporation was one of the world's largest information companies.

The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research and tax and accounting sectors.

Until 2007, Thomson Corporation was a major worldwide provider of higher education textbooks, academic information solutions and reference materials.

On 26 October 2006, Thomson Corporation announced the proposed sale of its Thomson Corporation Learning assets.

In May 2007, Thomson Corporation Learning was acquired by Apax Partners and subsequently renamed Cengage Learning in July.

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Thomson Corporation sold its global network of testing centres in 135 countries, for a reported $435 million.

Thomson Corporation company grew from a single Canadian newspaper, the Timmins Daily Press, acquired in 1934 by Roy Thomson Corporation, into a global media concern.

Thomson Corporation acquired his first non-Canadian newspaper, the Independent of St Petersburg, Florida, in 1952.

Thomson Corporation 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.

Thomson Corporation had no experience of television but saw the profits it made in the US and successfully founded Scottish Television in 1957, locating its headquarters and studios in the Theatre Royal, Glasgow.

Thomson Corporation's interests moved beyond publishing with the creation of Thomson Corporation Travel and acquisition of Britannia Airways in 1965 and 1971, and a foray into a consortium exploring the North Sea for oil and gas.

Thomson Corporation used its oil profits to buy small newspapers in the United States, starting with the acquisition of Brush-Moore Newspapers in 1967 for $72 million, at the time the largest sale of newspapers.

The Thomson Corporation Organization was reorganised into the International Thomson Corporation Organization 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.

When Kenneth Thomson Corporation took over from his father Roy in 1976, the company was worth about $500 million.

In recent years, Thomson Corporation 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.

Also in 2003, Thomson Corporation acquired the software company Elite Information Group.

Also in 2003, Thomson Corporation sold its medical magazine publishing units to Advanstar Communications.

Some of Thomson Corporation's brands are better known than the company name itself.

Thomson Corporation formerly owned Jane's Information Group, now owned by Montagu Private Equity.

Thomson Corporation 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.

On 1 January 2004, Thomson Corporation adopted a new accounting standard, which required restatement of all prior periods.