Woodbridge to Reinvest 50% of Thomson Dividends Through Q3 2008



    STAMFORD, Conn., Dec. 14 /CNW/ -- The Thomson Corporation (NYSE:   TOC;
TSX: TOC), a leading provider of information solutions to business and
professional customers worldwide, today announced that its controlling
shareholder, The Woodbridge Company Limited, has indicated that it will
reinvest 50% of its quarterly dividends in Thomson common shares during the
first three quarters of 2008 in accordance with the terms of Thomson's
dividend reinvestment plan (DRIP).
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
    
    Reuters announced yesterday its intent to buy back up to 50 million of
its ordinary shares prior to being acquired by Thomson. Thomson resumed its
own buyback program on November 23 and remains committed to maintaining a
strong capital structure and balance sheet.  Woodbridge's reinvestment
decision furthers this commitment and supports Thomson's and Reuters'
independent share buyback programs.
    All eligible Thomson shareholders may elect to reinvest their dividends
in Thomson common shares at the prevailing market price under Thomson's DRIP.
    
    The Thomson Corporation
    
    The Thomson Corporation (www.thomson.com) is a global leader in providing
essential electronic workflow solutions to business and professional
customers.  With operational headquarters in Stamford, Conn., Thomson provides
value-added information, software tools and applications to professionals in
the fields of law, tax, accounting, financial services, scientific research
and healthcare.  The Corporation's common shares are listed on the New York
and Toronto stock exchanges (NYSE:   TOC; TSX: TOC).
    
    CAUTIONARY NOTE CONCERNING FACTORS THAT MAY AFFECT FUTURE RESULTS
    
    This news release includes forward-looking statements. There can be no
assurance that the proposed acquisition of Reuters will be consummated. The
closing of the proposed transaction is subject to various regulatory approvals
and the fulfillment of certain conditions, and there can be no assurance that
any such approvals will be obtained and/or such conditions will be met. All
forward-looking statements in this news release are subject to a number of
risks and uncertainties that could cause actual results or events to differ
materially from current expectations. These risks and uncertainties include,
without limitation, the effect of regulatory conditions, if any, imposed by
regulatory authorities and the reaction of Thomson's and Reuters customers,
suppliers, competitors and others to the proposed transaction. In addition,
Thomson does not control Woodbridge and Woodbridge is not obligated to
reinvest its dividends in Thomson shares. Additional factors are discussed in
the Corporation's materials filed with the securities regulatory authorities
in Canada and the United States from time to time, including the Corporation's
latest annual information form, which is also contained in its most recently
filed annual report on Form 40-F.  The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, other than as required
by law.
    
    ADDITIONAL INFORMATION
    
    This document does not constitute an offer for sale of any securities or
an offer or an invitation to purchase any such securities.  Following
satisfaction or waiver of the pre-conditions to the proposed Reuters
transaction, documents relating to the proposed transaction will be furnished
to or filed with the SEC.  Shareholders are urged to read such documents
regarding the proposed transaction if and when they become available, because
they will contain important information. Shareholders will be able to obtain
free copies of these documents, as well as other filings containing
information about the companies, without charge, at the SEC's website at
www.sec.gov, at the Canadian securities regulatory authorities' website at
www.sedar.com and from Thomson.  These documents will also be available for
inspection and copying at the public reference room maintained by the SEC at
100 F Street, N.E., Washington, D.C. 20549, United States.  For further
information about the public reference room, call the SEC at +1 800-732-0330.

    
    Media Contact:
    Fred Hawrysh
    Global Director, External Communications
    (203) 539-8314
    fred.hawrysh@thomson.com
    

    
    Investor Contact:
    Frank J. Golden
    Vice President, Investor Relations
    (203) 539-8470
    frank.golden@thomson.com
    




For further information:

For further information: Media, Fred Hawrysh, Global Director, External 
Communications, +1-203-539-8314, fred.hawrysh@thomson.com, or Investors, 
Frank J. Golden, Vice President, Investor Relations, +1-203-539-8470, 
frank.golden@thomson.com Web Site: http://www.thomson.com

Organization Profile

THE THOMSON CORPORATION

More on this organization

THE WOODBRIDGE COMPANY LIMITED

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890