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June 12, 2006
Media Entrepreneur Kenneth Thomson Dies
Kenneth Thomson, Canada's richest man and the founder of Thomson Corp., died today at the age of 82. Thomson was among the most important entrepreneurs in the world of media and information.Among many other things, Thomson shed its profitable and market-dominating newspapers in the 1990s at a kind of market top. The company's shrewd move? To a highly-profitable online data provider, anticipating, in many ways, the current ardor for data-drenched online services.
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Ah... a chance to tell my favorite newspaper story.
(First, you have to know that the newspaper chain was assembled by Ken's father, Roy. Ken inherited all this.)
Roy Thompson was standing on a train station platform in Northern Ontario (okay, this was a long time ago) when he bumped into a friend. The friend says, "You know, Roy, the first thing I do when I get to a town in buy the local newspaper."
"Ah, that's interesting," says Roy.
"So do I."