Thomson Gale is probably one of the most recognized names in library and reference resources, but the day before yesterday Thomson Corporation announced that it would be selling off it’s Thomson Learning business as of January 1st, 2007. Here’s what they say:
The Thomson Corporation (NYSE: TOC; TSX: TOC) today announced a realignment of operations to sharpen its strategic focus on providing electronic workflow solutions to business and professional markets and better position the company for future growth. As part of the realignment, which becomes effective January 1, 2007, Thomson intends to sell its Thomson Learning businesses, including those serving the higher education, careers, library reference, corporate e-learning and e-testing markets. (From their Oct. 25th Press Release)
They’re splitting Thomson Learning into three parts, and the bidding for the higher education part has not yet started.