International Thomson Organization: Difference between revisions
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'''International Thomson Organization''' ('''ITO''') was a [[holding company]], | '''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 Organization''', originally founded by [[Roy Thomson, 1st Baron Thomson of Fleet]] in 1959. It merged with Thomson Newspapers to become the [[Thomson Corporation]] in 1989. | ||
ITO was formed in | == History == | ||
ITO was formed in 1978 to serve as the new corporate parent for Thomson's global operations. This coincided with the relocation of its operating base from Britain to Canada, so that it would not be subject to British monopolies legislation, foreign-exchange controls and dividend limitation.<ref>{{cite news |title=Thomson base moving from Britain to Canada |first=Joseph |last=Collins |url= https://www.nytimes.com/1978/08/08/archives/thomson-base-moving-from-britain-to-canada-main-investments-to.html |newspaper=The New York Times |date=1978-08-08 |access-date=2020-05-31}}</ref> | |||
Under Roy Thomson's son [[Kenneth Thomson, 2nd Baron Thomson of Fleet|Kenneth Thomson]], ITO sold its natural resources and continued expanding in publishing and media.<ref name=":0" /> | |||
In 1980, Thomson acquired [[Jane's Information Group|Jane's]], an publishing company specializing in military intelligence. In 1981, it acquired the publishing operations of [[Litton Industries]], including the ''[[Physicians' Desk Reference]]''.<ref name=":0">{{Cite news| issn = 0362-4331| last = Kleinfield| first = N. r| title = Litton Plans Publishing Group Sale| work = The New York Times| access-date = 2019-11-11| date = 1981-01-29| url = https://www.nytimes.com/1981/01/29/business/litton-plans-publishing-group-sale.html}}</ref> By 1986, International Thomson had acquired business publisher Warren, Gorham & Lamont; legal publishers Callaghan & Company and Clark Boardman; and automotive publishers [[Ward's]].<ref>{{Cite news| issn = 0362-4331| last = Fabrikant| first = Geraldine| title = Thomson's American Quest; Big Purchases by Publisher| work = The New York Times| access-date = 2019-11-11| date = 1986-12-04| url = https://www.nytimes.com/1986/12/04/business/thomson-s-american-quest-big-purchases-by-publisher.html}}</ref> Other publishers acquired include [[Gale (publisher)|Gale]], [[Mitchell International|Mitchell]], and Thomson & Thomson. In 1988, ITO acquired the British company Associated Book Publishers, which included [[Sweet & Maxwell]], [[Chapman & Hall]], The Law Book Company of Australasia, and [[Routledge]].<ref>{{Cite news| issn = 0099-9660| pages = 1| last = Toman| first = Barbara| title = Associated Book Endorses Bid By Canada Firm| work = Wall Street Journal, Eastern edition| location = New York, N.Y., United States| accessdate = 2021-03-02| date = 1987-06-18| url = https://www.proquest.com/docview/398009763| id = {{ProQuest|398009763}}}}</ref> In 1989, ITO acquired Lawyers Cooperative Publishing, including subsidiaries Bancroft-Whitney and Research Institute of America.<ref>{{Cite news| issn = 0362-4331| pages = –21| last = Kreisler| first = Nancy H.| title = THE MEDIA BUSINESS; Thomson in Deal for Lawyers Co-op| work = New York Times, Late Edition (East Coast)| location = New York, N.Y., United States| access-date = 2021-01-25| date = 1989-05-03| url = https://www.proquest.com/docview/427195376| id = {{ProQuest|427195376}}|url-access=subscription }}</ref> | |||
==References== | ==References== | ||
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[[Category:1978 establishments in Ontario]] | [[Category:1978 establishments in Ontario]] | ||
[[Category:1989 mergers and acquisitions]] | [[Category:1989 mergers and acquisitions]] | ||
[[Category: Companies formerly listed on the Toronto Stock Exchange]] | |||
{{Canada-company-stub}} | {{Canada-company-stub}} | ||
Latest revision as of 11:09, 13 June 2025
Template:More references Template:Short description Script error: No such module "Infobox".Template:Template otherTemplate:Main otherScript error: No such module "Check for clobbered parameters".Script error: No such module "Check for unknown parameters". 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 Organization, originally founded by Roy Thomson, 1st Baron Thomson of Fleet in 1959. It merged with Thomson Newspapers to become the Thomson Corporation in 1989.
History
ITO was formed in 1978 to serve as the new corporate parent for Thomson's global operations. This coincided with the relocation of its operating base from Britain to Canada, so that it would not be subject to British monopolies legislation, foreign-exchange controls and dividend limitation.[1]
Under Roy Thomson's son Kenneth Thomson, ITO sold its natural resources and continued expanding in publishing and media.[2]
In 1980, Thomson acquired Jane's, an publishing company specializing in military intelligence. In 1981, it acquired the publishing operations of Litton Industries, including the Physicians' Desk Reference.[2] By 1986, International Thomson had acquired business publisher Warren, Gorham & Lamont; legal publishers Callaghan & Company and Clark Boardman; and automotive publishers Ward's.[3] Other publishers acquired include Gale, Mitchell, and Thomson & Thomson. In 1988, ITO acquired the British company Associated Book Publishers, which included Sweet & Maxwell, Chapman & Hall, The Law Book Company of Australasia, and Routledge.[4] In 1989, ITO acquired Lawyers Cooperative Publishing, including subsidiaries Bancroft-Whitney and Research Institute of America.[5]
References
Categories:
- Pages with script errors
- Thomson Reuters
- Defunct companies of Ontario
- Holding companies established in 1978
- Publishing companies disestablished in 1989
- Publishing companies established in 1978
- 1989 disestablishments in Ontario
- Canadian companies established in 1978
- Canadian companies disestablished in 1989
- 1978 establishments in Ontario
- 1989 mergers and acquisitions
- Companies formerly listed on the Toronto Stock Exchange