By: Staff reports
CEO Says Group Will Stay Course
Thomson Interactive Media (TIM), which provides online services to over 400
newspapers, will be sold along with its parent Thomson Newspapers of Stamford,
Conn. Thomson Corp. today announced it intends to sell its 55 daily and
75-plus non-daily newspapers, with the exception of flagship The Globe & Mail
Ironically, Thomson Corp. says it is selling the newspaper division to
concentrate on its Internet businesses. TIM apparently isn’t part of that
‘The corporation is focusing on its business-to-business operations,’ says
TIM CEO Paul Camp. ‘A good portion of everything we do is consumer-oriented, so
it did not fit as neatly’ into Thomson Corp.’s new focus, he says. Thomson Corp.
says it will use proceeds from the sale to fund investments in its trade publication
divisions which cover financial, corporate, science, and education news.
Camp foresees no material change on the composition of his business, which he expects
to include clients currently in the Thomson group as well as the many outside clients
TIM currently works with.
THOMSON CORP. TO SELL NEWSPAPERS
WHAT’S IN A NAME?
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