By: Staff Reports
Newspaper Division Was Profitable
The Thomson Corp. reported earnings from continuing operations rose 14% to $461 million in
1999 on revenues from ongoing operations of $5.47 billion, a 9% rise, reflecting increased
For the fourth quarter, earnings rose 8.4% to $244 million. Revenues from ongoing operations
were up 7.3% to $1.68 billion.
In the newspaper division, which Thomson recently put up for sale with the exception of the
Globe and Mail in Canada, operating profit grew 14.4% to $183 million for the year on
revenues of $810 million, a 5.6% increase.
Thomson Financial led the company’s divisions in sales, with revenues up 11.8% for the year,
driven by Internet-related revenues, which doubled. Next in revenue growth were Thomson
Learning, up 9.5%; Legal & Regulatory up 7.8%; and Scientific, Reference & Healthcare up 6.9%.
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