Thomson Reuters
Corporation is a business data provider and was created by theThomson Corporation's purchase of Reuters Group on 17 April 2008.Thomson Reuters is headquartered at 3 Times Square, Manhattan, New York City, New York, United
States. The Woodbridge
Company, a holding company for the Thomson family of Canada, owns
53% of the group, which
operates in 100 countries, and has over 55,000 employees. Thomson Reuters was
ranked as Canada's "leading corporate brand" in the 2010 Interbrand
Best Canadian Brands ranking.Thomson Reuters operates in two divisions: Professional and
Markets.The
Company was founded by Roy Thomson in 1934 in Ontario as the publisher of The Timmins Daily Press. In 1953 Thomson acquired the Scotsman newspaper and moved to Scotland the following year. He
consolidated his media position in Scotland in 1957 when he won the franchise for Scottish Television. In 1959 he bought the Kemsley Group, a purchase that eventually gave
him control of the Sunday
Times. He
separately acquired theTimes in 1967. He moved into the
airline business in 1965, when he acquired Britannia Airways and into oil and gas
exploration in 1971 when he participated in a consortium to exploit reserves in
the North Sea. In the 1970s, following the death
of Lord Thomson, the Company withdrew from media
selling the Times, the Sunday Times and Scottish Television and
instead moved into publishing, buying Sweet & Maxwell in 1987. In 1989, Thomson
Newspapers was merged with The Thomson Corporation. In 1996 The Thomson Corporation
effectively doubled its size and ensured future profitability by purchasing West Publishing, a purveyor of legal research and
solutions including Westlaw.The Company was founded by Paul Julius Reuter in 1851 in London as a business
transmitting stock market quotations.Reuter set up his "Submarine Telegraph" office in
October 1851 and negotiated a contract with the London Stock Exchange to provide stock prices from
the continental exchanges in return for access to London prices, which he then
supplied to stockbrokers in Paris, France.In 1865, Reuters in London was the
first organization to report the assassination of Abraham Lincoln.The company was involved in
developing the use of radio in 1923.It was acquired by the British National & Provincial Press in 1941 and first listed on the
London Stock Exchange in 1984.Reuters began to grow rapidly in the 1980s, widening the
range of its business products and expanding its global reporting network for
media, financial and economic services: key product launches included Equities
2000 (1987), Dealing 2000-2 (1992), Business Briefing
(1994), Reuters Television for the financial markets (1994), 3000 Series (1996)
and the Reuters 3000 Xtra service (1999).
Revenue $13.8 billion (2011)