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Hsbc Bk. 21 | LSE:11PT | London | Medium Term Loan |
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RNS Number:2916Y Thomson Corporation 2 February 2001 BW2075 FEB 02,2001 5:03 PACIFIC 08:03 EASTERN ( BW)(THOMSON-CORPORATION)(TOC.TO) The Thomson Corporation Sells the Chronicle-Journal to Horizon Publications Inc. Business Editors TORONTO--(BUSINESS WIRE)--Feb. 2, 2001--The Thomson Corporation (TSE:TOC) today announced the sale of The Chronicle-Journal in Thunder Bay, Ontario, and its ancillary operations to Horizon Operations (Canada) Ltd. for an undisclosed amount. The Chronicle-Journal morning newspaper publishes seven days a week, serving Thunder Bay and Northwestern Ontario with an average circulation of 33,000 and nearly 40,000 on Saturdays. The Chronicle-Journal is considered the information and marketing leader in its region and consists of a host of businesses including commercial printing and regional distribution services. Richard J. Harrington, President and Chief Executive Officer of The Thomson Corporation, said, "The Chronicle-Journal has done an outstanding job serving the information and marketing needs of its customers and we are pleased the paper is going to such a good home. The Chronicle-Journal has attained a leadership position in its market and will continue to flourish under new ownership." Todd Vogt, President & CEO of Horizon said, "The Chronicle-Journal stands as a model of what community daily newspapers should be. The paper has been very successful because of the important role it plays in the communities that it serves. Horizon plans to build upon the success achieved under the ownership of Thomson and the leadership of the professional management team at The Chronicle-Journal." The Thomson Corporation (www.thomson.com), with 1999 revenues of US$5.8 billion, is a leading, global e-information and solutions company in the business and professional marketplace. Thomson's common shares are listed on the Toronto and London Stock Exchanges. Horizon is a leading publisher of daily and community newspapers in Canada and the United States. Thomson Newspapers sales status as of February 2, 2001 Thomson Newspapers strategic marketing groups and daily newspapers Non-daily newspapers indented Alphabetically by state, then by province/Canadian region 1. Alabama SMG - sale finalized to Media General, Inc. The Dothan Eagle Enterprise Ledger Opelika-Auburn News Jackson County Floridan (Marianna) The Auburn Bulletin The Dothan Progress The Ashford Power The Headland Observer 2. Phoenix SMG - sale finalized to Freedom Communications, Inc. The Tribune (Mesa) Daily News-Sun (Sun City) Prospector (Glendale, Peoria) Surprise Today Ahwatukee Foothills 3. Yuma, Arizona - sale finalized to Freedom Communications, Inc. The Yuma Daily Sun Bajo El Sol (Yuma) Cactus Comet (Yuma) 4. Southern Connecticut SMG--sale finalized to MediaNews Group, Inc. Connecticut Post (Fairfield Co.) Darien News Review Fairfield Citizen News Inside Fairfield County Norwalk Citizen News Westport News 5. Florida Keys SMG - sale finalized to Cooke Communications LLC Key West Citizen Big Pine Free Press Islamorada Free Press Key Largo Free Press Marathon Free Press Reef Press (Ocean Reef) Solares Hill (Key West) 6. Thomson South Georgia - sale finalized to Community Newspaper Holdings, Inc. Americus Times-Recorder Cordele Dispatch The Moultrie Observer Thomasville Times-Enterprise The Tifton Gazette The Valdosta Daily Times Coffee County News (Douglas) Suwannee Democrat (Live Oak, Florida) The Branford News (Florida) The Jasper News (Florida) The Mayo Free Press (Florida) Excalibur (Valdosta) 7. Thomson Indiana - sale finalized to CNHI The Herald Bulletin (Anderson) Greensburg Daily News Kokomo Tribune The Lebanon Reporter Linton Daily Citizen Pharos-Tribune (Logansport) Rushville Republican Tribune Star (Terre Haute) Batesville Herald-Tribune Employment Weekly (Central Indiana) The Highflyer (Hamilton County) Hamilton County Image Hancock County Image Hendricks County Flyer Zionsville Times Sentinel 8. Thomson South Louisiana - sale finalized to Gannett Co., Inc. The Daily Advertiser (Lafayette) The Times of Acadiana 9. Thomson Chesapeake - sale finalized to Gannett Co., Inc. The Daily Times (Salisbury, Maryland) Delaware Wave (Bethany) Chincoteague Beacon Virginia Beachcomber (Chincoteague) Somerset Herald (Princess Anne, Maryland) Worcester County Messenger (Ocean City, Maryland) Ocean Pines Independent Maryland Times-Press (Ocean City and Berlin, Maryland) Maryland Beachcomber (Ocean City) Delaware Coast Press (Rehoboth) Delaware Beachcomber (Rehoboth) Eastern Shore News (Tasley, Virginia) 10. Cumberland, Maryland - sale finalized to CNHI Cumberland Times-News Garrett County Weekender (Oakland) Potomac Highlands (Keyser, West Virginia) Frostburg Express 11. Canton, Ohio - sale finalized to The Copley Press, Inc. The Repository (Canton) The Suburbanite (Summit County) 12. Thomson Central Ohio - sale finalized to Gannett Co., Inc. Telegraph-Forum (Bucyrus) Chillicothe Gazette Coshocton Tribune Lancaster Eagle-Gazette News Journal (Mansfield) The Marion Star The Advocate (Newark) Times Recorder (Zanesville) Granville Booster Granville Sentinel Pataskala Standard The Muskingum Valley Merchandiser 13. Thomson Southwest Ohio - sale finalized to Cox Newspapers, Inc. Journal-News (Hamilton) The Middletown Journal Franklin Chronicle Pulse Journal (Mason/West Chester) Oxford Press Fairfield Echo The Western Star (Lebanon) Star Press (Springboro) Today's Express (Morrow) Monroe Times Miamisburg News-West Carrollton News The Germantown Press 14. Thomson Carolina - sale finalized to Media General, Inc. Morning News (Florence, South Carolina) News & Post (Lake City, South Carolina) Weekly Observer (Hemingway, S. Carolina) Marion Mullins (South Carolina) 15. Thomson West Virginia/Virginia - sale finalized to CNHI The Register-Herald (Beckley, WV) Bluefield Daily Telegraph (WV) The Fayette Tribune (Oak Hill, WV) Montgomery Herald (WV) Princeton Times (WV) 16. Winnebago SMG (Wisconsin) - sale finalized to Gannett Co., Inc. Oshkosh Northwestern The Post-Crescent (Appleton) The Reporter (Fond du Lac) Herald Times Reporter (Manitowoc) The Sheboygan Press Shoreline Chronicle (Sheboygan) The Bargain Bulletin (Appleton) Lakeshore Chronicle (Manitowoc) Menasha Register Neenah Citizen 17. Central Wisconsin SMG - sale finalized to Gannett Co., Inc. Marshfield News-Herald Stevens Point Journal Daily Tribune (Wisconsin Rapids) Central Wisconsin Sunday 18. St. George, Utah - sale finalized to Gannett Co., Inc. The Spectrum Desert Valley Times (Mesquite) 19. Canada's National Newspaper - now a division of Bell Globemedia, Canada's premier multimedia company The Globe and Mail (based in Toronto, Ontario) 20. Central Canada SMG - sales process ongoing Brandon Sun (Manitoba) Winnipeg Free Press (Manitoba) The Chronicle-Journal (Thunder Bay, Ontario) - sale finalized to Horizon Operations (Canada) Ltd. Kenora Enterprise (Ontario) - sale finalized to Northern Publications Ltd. 21. Southern Alberta SMG - sale finalized to Alberta Newspaper Group Inc. Lethbridge Herald Medicine Hat News The Commentator (Bow Island) Coaldale News Prairie Post (Swift Current, Saskatchewan, and Medicine Hat) Southern Sun Times (Lethbridge) Taber Times Vauxhall Advance --30--kb/ny* CONTACT: The Thomson Corporation Investor Contact: John Kechejian, 203/328-9470 Vice President, Investor Relations john.kechejian@thomson.com Media Contact: Jason Stewart, 203/328-8339 Director, Public Relations jason.stewart@thomson.com KEYWORD: INTERNATIONAL CANADA INDUSTRY KEYWORD: PUBLISHING
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