Thomson Expands News Reach, Will Rival Bloomerg, Reuters, Dow

Thomson Financial has struck a partnership deal with The Associated Press that will enable the company to bring the venerated news service's content to the financial community.

The agreement is with AP Digital, a commercial division of The Associated Press, and gives Thomson the rights to expand its current news offerings by including articles and photographs from AP.

Thomson has been pursuing an aggressive strategy to expand its North American news coverage to match its reporting from Europe, where it has held a partnership with Agence France Presse for several years. Last June, it acquired AFX, the European news syndicate's independent real-time financial news service. Earlier this month, Thomson also struck an agreement, similar to the AP deal, with the Canadian Press news agency for coverage of relevant news north of the border.

Thomson Financial, part of The Thomson Corporation, competes with Bloomberg, Reuters and Dow Jones news companies in offering specialized data to brokers, traders and others in the financial community. Over the summer, it successfully launched a new computerized story-generating system to dramatically speed the delivery of earnings reporting.

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"As we continue to expand our news capabilities, we see the AP as an ideal partner, with the depth of resources and understanding of the value of news that will allow us to continue to differentiate Thomson Financial from the competition," said Sharon Rowlands, CEO, Thomson Financial, in a statement.

Thomson stock stood at $41.28 at 3:45 yesterday, up 16 cents.

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