Thomson unveils top-level changes

Article Abstract:

Thomson Corp. CEO Dick Harrington selected David Shaffer as chief operating officer and executive vice-president as two other executives of the Toronto, Ontario-based data publishing firm stepped down. Nigel Harrison, chief financial officer, and Andy Mills, executive vice president and CEO of Thomson Financial and Professional Publishing, were rumored to have considered for the CEO position. Harrington, who named at the helm in early 1998, is believed by analysts to be making a mark in the firm through a corporate restructuring. Thomson will retain Mills in an advisory capacity through 1999 and intends to eliminate its financial and professional publishing units, plus Thomson Corp. Publishing International.

Comment:

CEO Dick Harrington names David Shaffer as COO and exec VP as two other execs of the information publishing firm stepped down

Database Vendors, Executive changes & profiles, Database industry, Article

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Investors log on to Thomson shares

Article Abstract:

Information publisher Thomson Corp has been attracting investors who recognized the potential of the revenue generated from the Internet. The company reports that $200 million of its C$6.3 billion in total sales came from the Internet in 1998. The stock-price-to-revenue valuation of the company from the Internet revenue alone would place Thomson with a market value of C$28.5 billion, compared to its current market capitalization of C$28 billion.

Periodicals, Periodical Publishers, Financial analysis, Periodical publishing

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Ads struggle to click on the Net

Article Abstract:

Web-based shows are integrating advertising into their content because of lagging performance of Internet advertising. A study showed that only 2 cents were spent on the Web for every C$10 advertising dollars. Multimedia shows, which combines the elements of TV sitcoms, video games, animations and music videos, are still struggling to find seek ways to attract the same amount of dollars that are funneled into traditional media advertising

Market information - general, Videotex & Teletext, Internet services

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