The Woodbridge Company Explained

The Woodbridge Company Limited
Type:Private
Founder:Roy Thomson
Hq Location City:Toronto, Ontario
Hq Location Country:Canada
Key People:David W. Binet
(President and CEO)
Owner:Thomson family
Subsid:Thomson Reuters
The Globe and Mail

The Woodbridge Company Limited is a Canadian private holding company based in Toronto, Ontario. It is the primary investment vehicle for members of the family of the late Roy Thomson, 1st Baron Thomson of Fleet. David W. Binet has been the president and chief executive officer of the company since 2012.[1]

Main holdings

Woodbridge is the principal and controlling shareholder (67.8%) of Thomson Reuters, a multinational media conglomerate.[2] Thomson Reuters was formed in 2008, when the Thomson Corporation acquired Reuters.[3]

In late 2010, Woodbridge sold its 40% interest in CTVglobemedia (a Canadian media company with ownership of the CTV Television Network) to BCE Inc. Woodbridge held an 85% interest in The Globe and Mail newspaper before acquiring the remaining 15% owned by BCE in August 2015.[4]

Ownership

Woodbridge is the primary investment vehicle for members of the Thomson family of Canada.[5] David Thomson and his brother, Peter Thomson, became chairmen of Woodbridge in 2006 upon the death of their father, Kenneth Thomson.

In 2015, Canadian Business magazine reported that Sherry Brydsonchild of Irma Thomson, one of Roy Thomson's two daughtersholds the largest stake in the family company.[6] It is estimated that she holds 23.47% of the company's shares.[6] [7]

See also

External links

Notes and References

  1. News: Woodbridge selects long-time executive David Binet as president . The Globe and Mail . 29 November 2012 . 2020-06-03.
  2. http://fileshare.gcs.thomsonreuters.com/digital/annual-report-2015/downloads/annual-report-2015-thomson-reuters.pdf 2015 Annual Report Regulatory Filing
  3. News: Haycock . Gavin . MacMillan, Robert . Reuters . Thomson Reuters debuts amid global market jitters . 2020-06-03 . 2008-04-17.
  4. Web site: Canada . Woodbridge Acquires Direct Ownership of The Globe and Mail. CNW. 2010-09-10. 2011-01-05.
  5. Web site: The Woodbridge Company Limited . Bloomberg . 2018-03-08.
  6. Web site: Canada's Richest People 2015: Meet Sherry Brydson, Canada's Richest Woman. 11 March 2015. 28 July 2021. https://web.archive.org/web/20210728122210/https://canadianbusiness.com/lists-and-rankings/richest-people/sherry-brydson-richest-woman-in-canada-thomson-family/. bot: unknown.
  7. Web site: James Pattison takes crown as Canada's richest as new information reveals David Thomson's fortune smaller than thought . Financial Post . 2018-03-31.