THOMSON CORP. SELLS MITCHELL INTERNATIONAL; SEEKS BUYERS FOR NEWSPAPERS.The Thomson Corp. (Toronto Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing , ON) has reached an agreement to sell its Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. International division to Hellman & Friedman Capital Partners IV (Cleveland, OH). No terms were given. The Sale closely follows Thomson's decision to seek buyers for all but one of its 131. newspapers. Mitchell International is a supplier of information products and software for the insurance and automotive collision repair industries. Thomson said the sale was "consistent with Thomson's continuing focus on our core, global information businesses in the legal and regulatory, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , learning, scientific, reference and healthcare markets." Mitchell "has limited synergies with Thomson's other businesses," the company said. Earlier this month, Thomson said that, in order to concentrate further on its electronic and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the operations, it was seeking buyers for all of its newspaper holdings except the Globe and Mail (Toronto), one of Canada's two national newspapers. The assets to be sold include 54 daily newspapers, 75 non-daily newspapers and 400 specialty publications Specialty Publications is an American publisher of gay erotic material. Their 'Men' Magazine has been the #1-selling gay male erotic magazine for over 25 years.[1] Magazines
Thomson said that proceeds from the sale of both Mitchell International and the newspaper group will be used to pay down debt, invest in existing businesses and make acquisitions. |
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