Thompson to sell Newspapers

Share this article:
Thompson Newspapers, Toronto, said yesterday it is selling almost all of its newspaper holdings, including 400 specialty products like newspaper inserts and shoppers.


The publisher, which had revenues in the $6 billion range, will focus its attention on information services business. The newspapers being sold include 50 daily U.S. papers, five dailies in Canada and 75 nondaily newspapers. Thompson will retain ownership of the Globe and Mail in Toronto, the company's flagship newspaper. Goldman Sachs has been hired to advise Thompson on the pending sale.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

7 Ways to Take Your Marketing Strategy to the Big Leagues

7 Ways to Take Your Marketing Strategy to ...

A game-winning omnichannel strategy must be seamless, synchronous, and symbiotic.

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.