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 professional customers worldwide. The family-owned organization operates through five segments Thomson Legal, Thomson Tax and Accounting, Thomson Financial, Thomson Scientific, and Thomson Healthcare.The social club 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 face 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 conduct global provider of integrated information-based solutions to business and professional customers. The company plans to achieve this by delivering superior shareholder value by empowering people to provide indispensable 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 billion in revenues from continuing operations, up 8% from the results of the previous(prenominal) year. Moreover, the company gave back nearly $1 billion to shareholders through dividends and the filiation buyback program. In may 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, do the combined Thomson-Reuters market va lue to exponentially increase 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. aft(prenominal) 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 publisher Empire in City. South Wales Echo 20 June2006 22.The Thomson Corporation Annual Report 2006.Thomson Clinches Pounds Sterling8.7bn Reuters Buy. Evening regular 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