BUSINESS MEMO: SELLING 40 NEWSPAPERS

NEW YORK -- The Thomson Corp. is selling its U.S. newspaper business, made up mainly of 49 local and regional dailies, to concentrate on the professional information services that make up the vast majority of the Canadian company's operations, the Associated Press reported.

Thomson is keeping its flagship newspaper The Globe and Mail. Published out of Thomson's home base of Toronto, it serves as a major national daily for Canada, going up against the year-old newspaper launched by Conrad Black, The National Post.