The Thomson Corporation Essay Example for Free

The Thomson Corporation EssayThe Thomson Corporation and its subsidiaries, with headquarters in Stamford, Connecticut, and operations in 37 countries, provide information services to business and master key customers worldwide. The family-owned organization operates through five segments Thomson Legal, Thomson Tax and Accounting, Thomson Financial, Thomson Scientific, and Thomson Healthcare.The company began its roots with Roy Thomson who in 1934 acquired a newspaper in Canada, The Timmins Press. The company started out as a event company but eventually branched out to become an information and knowledge based conglomerate. Thomsons formula was so simple others soon mimicked it Carve a lot out of a little. He scooped up small-town dailies and dished out the least costly product he could sell. (Prochnau) Thomsons vision is to be the lead-in global provider of integrated information-based solutions to business and professional customers. The company plans to achieve this by del ivering superior shareholder value by empowering people to provide essential information, insight, productivity tools and services that help the companys customers succeed.Commitment to the people is the Thomson Corporations core value that directs and sustains the companys operational strategies and objectives. In 2006 the Thomson Corporation successfully executed on its strategic and operational priorities, and delivered strong financial results. Thomson has never been in a stronger position strategically, operationally and financially with $6.6 one thousand thousand in revenues from continuing operations, up 8% from the results of the previous year. Moreover, the company gave back nearly $1 billion to shareholders through dividends and the stock buyback program. In whitethorn of this year, the organization gained more ground in an unprecedented takeover of news and data giant, Reuters for 8.7 billion pounds ($17.2 billion). Thus, making the combined Thomson-Reuters market value to exponentially join on to $35 billion. Thomson Financial and Reuters financial and media businesses will be merged and renamed Reuters, and will be run by American Devin Wenig, who is currently Reuters chief operating officer. later on this acquisition, the Thomson family will still own 53% of the combined businesses. The Corporations common shares are listed on the New York and Toronto stock exchanges (NYSE TOC TSX TOC).Works CitedProchnau, William. In Lord Thomsons Realm. American Journalism Review October1998 44+.Rogers, Gareth. Lord Who Ran Newspaper Empire in City. South Wales Echo 20 June2006 22.The Thomson Corporation Annual Report 2006.Thomson Clinches Pounds Sterling8.7bn Reuters Buy. Evening received London 15May 2007 NA.Thomson Corporation. 2007. 23 October 2007 http//www.thomson.com/about/Thomson Corporation (TOC). Yahoo Finance. 23 October 2007http//finance.yahoo.com/q?s=TOC