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International Thomson Organization

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International Thomson Organization
IndustryHolding company
PredecessorThomson Organization
Founded1978; 46 years ago (1978)
Defunct1989; 35 years ago (1989)
FateMerged with Thomson Newspapers
SuccessorThomson Corporation

International Thomson Organization (ITO) was a holding company for interests in publishing, travel, and natural resources, that existed from 1978 to 1989. It was formed as a reorganisation of the Thomson Organization, which had been founded by Roy Thomson, 1st Baron Thomson of Fleet (Lord Thomson of Fleet; 1894–1976) in 1959. It merged with Thomson Newspapers to become the Thomson Corporation in 1989.

ITO was formed in order to move the Thomson Organization's 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. 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

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  1. ^ Collins, Joseph (1978-08-08). "Thomson base moving from Britain to Canada". The New York Times. Retrieved 2020-05-31.
  2. ^ Kleinfield, N. r (1981-01-29). "Litton Plans Publishing Group Sale". The New York Times. ISSN 0362-4331. Retrieved 2019-11-11.
  3. ^ Fabrikant, Geraldine (1986-12-04). "Thomson's American Quest; Big Purchases by Publisher". The New York Times. ISSN 0362-4331. Retrieved 2019-11-11.
  4. ^ Toman, Barbara (1987-06-18). "Associated Book Endorses Bid By Canada Firm". Wall Street Journal, Eastern edition. New York, N.Y., United States. p. 1. ISSN 0099-9660. ProQuest 398009763. Retrieved 2021-03-02.
  5. ^ Kreisler, Nancy H. (1989-05-03). "THE MEDIA BUSINESS; Thomson in Deal for Lawyers Co-op". New York Times, Late Edition (East Coast). New York, N.Y., United States. pp. –21. ISSN 0362-4331. ProQuest 427195376. Retrieved 2021-01-25.
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