Thomson Puts Business Magazines on Block; Focus on Online Info

B2B info provider Thomson Corp. is putting a collection of 54 business publications, including American Banker and Investment Dealers’ Digest, up for sale, as part of an ongoing strategy to transform itself from a print publisher to an electronic information provider.

Thomson has again retained investment bank Morgan Stanley to seek potential buyers for the unit, which is called Thomson Media. A person with knowledge of the industry said the magazines could sell for north of $200 million. Thomson Media had revenue of about $170 million in 2003.