to its merger with reuters group . for the current company see thomson reuters . for other companies called thomson see thomson disambiguation . thomson corporation former type public tsx toc nyse toc fate merger with reuters group predecessor thomson newspapers & international thomson organisation ltd itol successor thomson reuters founded 1989 1 defunct 2008 headquarters stamford connecticut us key people david thomson shirley thomson chairman products books publishing revenue us 6.641 billion 2006 2 net income us 1.120 billion 2006 number of employees 38 000 divisions thomson financial thomson scientific thomson tax & accounting thomson healthcare thomson legal thomson learning until 2007 website www.thomson.com thomson corporation headquarters the thomson corporation was one of the world s largest information companies . it was established in 1989 following a merger between international thomson organisation ltd itol and thomson newspapers . 1 in 2008 it purchased reuters group to form thomson reuters . the thomson corporation was active in financial services healthcare sectors law science and technology research and tax and accounting sectors . the company operated through five segments 2007 onwards thomson financial thomson healthcare thomson legal thomson scientific 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 and subsequently renamed cengage learning in july . the thomson learning brand was used to the end of august 2007 . 3 subsequently on 15 october 2007 educational testing service ets finalized acquisition of thomson s prometric . 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 . 4 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 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 in the united states . contents 1 history 1.1 transition to business information 2 brands 3 restatements 4 corporate governance 5 references 5.1 further reading 6 external links history edit thomson had grown from a single canadian newspaper the timmins daily press acquired in 1934 by roy thomson 1st baron thomson of fleet into a global media concern . it once owned several prominent newspapers in the united kingdom including the times and the scotsman and it owned scottish television . in the 1960s thomson s publishing realm expanded further to include thomson publication uk a consumer magazine and book publishing house and the times . 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 . thomson 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 . 5 by the end of the 1970s thomson newspapers circulation in the united states had surpassed the 1 million mark . the merger of thomson newspapers and the international thomson organization in 1989 created 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 . 6 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 . 6 transition to business information edit in 1978 the acquisition of wadsworth publishing provided thomson with its first entry into specialised information college textbooks and professional books . 6 in 2007 thomson learning including the wadsworth imprint was sold and renamed as cengage learning . 7 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 a legal information provider in eagan mn . 6 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 . 6 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 the new york times . in some markets thomson was able to move past other players who were more cautious about digital conversion . 6 brands edit some of thomson s brands are better known than the company name itself . its brands include westlaw findlaw barbri pangea3 physician s desk reference ria tax and accounting tax and accounting software and services for accountants creative solutions 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 . in 2003 the thomson corporation bought the chilton automotive assets . in late 2004 the company sold its thomson media group to investcorp . the b2b publishing group which features such titles as american banker national mortgage news and the bond buyer is now known as sourcemedia . 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 for 285 million . apax announced its acquisition of thomson s higher education business on 11 may 2007 for 7.5 billion in cash assets . thomson reuters new zealand limited has been publishing and updating information on new zealand law since 1910 formerly as john friend ltd to brooker and friend ltd to brookers to thomson brookers . 8 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 edit 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 edit members of the last board of directors of thomson were as follows 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 . the thomson family owned 70 % of the company . 6 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 . 6 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 . 6 the thomson family controlled the thomson corporation through a family owned entity the woodbridge company based in toronto . along with 70 % of thomson corporation woodbridge also owns a 40 % 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 thomson became co chairmen of woodbridge after their father s death . 6 references edit a b the thomson corporation history . fundinguniverse . thomson reuters corp . google finance . retrieved 2007 05 08 . thomson learning announces new name cengage learning press release . prnewswire . 2007 07 24 . retrieved 2007 07 29 . ets acquires prometric press release . ets . 2007 10 15 . retrieved 2008 04 18 . newspapers strength in the afternoon time magazine september 8 1967 a b c d e f g h i j 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 . thomson learning press release about us . thomson reuters new zealand . retrieved december 3 2014 . further reading edit goldenberg susan 1984 . the thomson empire . new york beaufort books . isbn 0825302595 . prochnau william october 1998 . in lord thomson s realm . american journalism review . college park maryland university of maryland foundation . external links edit mary h. munroe 2004 . thomson corporation timeline . the academic publishing industry a story of merger and acquisition via northern illinois university . v t e thomson reuters professional division legal us & intl. carswell derwent world patents index findlaw writ la ley practical law company sweet & maxwell ids west westlaw west legaledcenter pangea3 science web of science current contents journal citation reports science citation index social sciences arts and humanities conference proceedings biosis previews biological abstracts the zoological record endnote researcherid thomson reuters citation laureates markets division breakingviews ecowin eikon extel surveys i b e s itn 20 % lipper reuters thomson reuters business classification thomson reuters indices thomson reuters jefferies crb index thomson reuters league tables thomson reuters messenger thomson reuters realized volatility index zawya predecessors reuters group the thomson corporation other 3 times square tom glocer david thomson the woodbridge company category retrieved from https en.wikipedia.org w index.php title thomson corporation & oldid 729543097 categories book publishing companies of canadathomson familycompanies based in torontocompanies based in stamford connecticutcompanies established in 1989companies disestablished in 2008 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages 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