International Thomson Organization
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Industry | Thomson Newspapers |
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Successor | Thomson 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.