Attachment Exhibit E

This document pretains to SES-T/C-20101207-01514 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2010120701514_855529

                                                                         Reuters America LLC
                                                                 Pro Forma Transfer of Control
                                                                               FCC Form 312
                                                                           Schedule A, Item 20
                                                                               December 2010


                                              Exhibit E

                     Information Concerning Ownership and Control


        This application seeks FCC consent for a pro forma transfer of control of Reuters
America LLC (“Reuters America”), the holder of FCC authorizations for the use of three
private, non-common carrier Earth stations in the United States. Specifically, this
application relates to Earth station call signs: E4309 (Smithtown, NY); E950436
(Hauppauge, NY); and E930235 (Washington, DC).

        I.       Background

       On April 17, 2008, in a transaction involving the acquisition of Reuters Group
PLC (“Reuters”) by The Thomson Corporation (“Thomson”), a transfer of control
occurred over Reuters America, an indirect subsidiary of Reuters, from the then-
shareholders of Reuters to The Woodbridge Company Limited (“Woodbridge”), the
Thomson family holding company that became the controlling shareholder of the unified
group known as Thomson Reuters. This transaction was effectuated pursuant to prior
FCC consent via transfer applications SES-T/C-20070921-01430 and SES-T/C-
20070921-01431 (the “2008 Transfer Applications”). On August 18, 2008, Reuters
America duly notified the Commission that the transaction had been consummated as
approved.1

       The 2008 Transfer Applications provided detailed ownership and other
information concerning the transaction, including the following:

        ●        Information Concerning the Transferee, Woodbridge, a private
                 company incorporated in Ontario, Canada, which, by virtue of the
                 economic and voting interest acquired in Thomson Reuters became the
                 controlling shareholder of the enterprise.

        ●        Detailed information concerning the entities that would hold direct
                 and indirect ownership and voting interests in Reuters America.
                 Specifically, Attachment C to the 2008 Transfer Applications provided a
                 table describing each entity with applicable ownership/voting interests in
                 the chain of ownership between Woodbridge, the party that would hold
                 ultimate control of the enterprise, and Reuters America, the FCC licensee,
                 including each entity’s address, citizenship, type of business, and

1
  See letters of Raymond G. Bender, Jr., counsel for Reuters America, to Marlene H. Dortch, FCC
Secretary, dated April 18, 2008.


                                                  -1-


                                                                         Reuters America LLC
                                                                 Pro Forma Transfer of Control
                                                                               FCC Form 312
                                                                           Schedule A, Item 20
                                                                               December 2010

                 applicable ownership interest. The relationships between each of these
                 entities also were depicted on a chart provided in Attachment D to the
                 2008 Transfer Applications.

        ●        A description concerning the adoption by Thomson Reuters of the
                 Reuters Trust Principles and the Reuters Founders Share Company
                 structure, which are designed to preserve independence, integrity and
                 freedom from bias in the gathering and dissemination of news and
                 information.

        The information reported in the 2008 Transfer Applications concerning
Woodbridge remains the same today in all relevant and material respects, and
Woodbridge retains its controlling interest in Thomson Reuters, including (indirectly) in
FCC licensee Reuters America. Moreover, the Reuters Trust Principles and the Reuters
Founders Share Company also currently remain in effect.2 In the interim, however, a
number of minor, pro forma changes have occurred with respect to the entities holding
direct or indirect ownership and control in Reuters America (each of which has been
approved by the Commission), as follows:

        ●        The addition of a new intermediate holding company, Thomson Reuters
                 No. 8 Inc., in the chain of ownership between Woodbridge, the party
                 holding ultimate control of the enterprise, and Reuters America, the FCC
                 licensee, pursuant to SES-T/C-20090616-00738.

        ●        The liquidation of another intermediate holding company, Canvas
                 Holdings Limited (“CHL”), thereby removing CHL from the Reuters
                 America ownership chain, pursuant to SES-T/C-20090616-00738.

        ●        The merger of another entity, Thomorg Sarl, and its consequent removal
                 from the Reuters America ownership chain, pursuant to SES-T/C-
                 20090616-00738.

        ●        Steps implemented to convert Thomson Reuters from a dual listed
                 company (“DLC”) structure to a traditional single parent company
                 structure (referred to as “DLC unification”), pursuant to SES-T/C-
                 20090724-00913.




2
  As reported in a recent pro forma transfer application (SES-T/C-20090724-00913), the Reuters Founding
Share Company now holds its single share in Thomson Reuters Corporation for the purpose of
safeguarding the Reuters Trust Principles.


                                                  -2-


                                                                            Reuters America LLC
                                                                    Pro Forma Transfer of Control
                                                                                  FCC Form 312
                                                                              Schedule A, Item 20
                                                                                  December 2010

         ●        The substitution of Thomson Reuters Investment Holdings Limited in the
                  place of Thomson Reuters PLC in the Reuters America control chain,
                  pursuant to SEC-T/C-20091023-01350.3

       Attached hereto, for the convenience of the Commission, is a copy of Attachment
D reflecting the current Thomson Reuters control structure, as reported to the
Commission on October 23, 2009.4

         II.      The Proposed Pro Forma Transaction

        As a result of a planned restructuring, Thomson Reuters U.S.A. Inc. (“Thomson
Reuters USA”), one of the companies in the current control chain of Reuters American,
will be merged into its parent, Thomson Reuters U.S. Holdings, Inc. (“TRUSHI”). As a
result of this merger, Thomson Reuters USA will be removed from the Reuters America
control chain, and Thomson Reuters No. 4, Inc., another of the intermediate companies in
the control chain, will be owned directly by TRUSHI instead of by Thomson Reuters
USA. The Thomson Reuters Control Structure following this transaction is depicted on a
new Attachment D (December 2010) attached hereto. Also attached hereto is a new
Attachment C describing the relationships between the entities having direct and indirect
ownership interests in Reuters America following consummation of the proposed
transaction.

        This proposed minor transaction does not involve a substantial change in
ownership or control of the licensee and is entirely pro forma in nature. Indeed,
Woodbridge is the controlling shareholder of Thomson Reuters prior to the proposed
transaction, and Woodbridge will retain its controlling interest in Thomson Reuters
thereafter, including (indirectly) in FCC licensee Reuters America. Accordingly, Reuters
America respectfully requests that this application not be placed on public notice prior to
FCC grant since pro forma transactions not involving a substantial change in ownership
or control are exempt from public notice requirements.5

       Thomson Reuters plans to implement the proposed transaction shortly and
therefore respectfully asks that the Commission to grant this pro forma transfer
application as soon as possible.

3
  As part of the same transaction, and as reported in the October, 2009 application, the 36.7% voting
interest in TR (2008) Limited held by TR International Holdings Sarl also was transferred to Thomson
Reuters Investment Holdings Limited. See File No. SES-T/C-20091023-01350, Exhibit E. This transfer
did not affect control of Reuters America.
4
   See File No. SES-T/C-20091023-01350. Consummation of this pro forma transfer of control was
reported to the Commission on December 23, 2009. See Letter of Raymond G. Bender, counsel to Reuters
America, to Marlene Dortch, Secretary, FCC, File No. SES-T/C-20091023-01350, Dec. 23, 2009.
5
  See 47 U.S.C. § 309(c)(2)(B) (eliminating thirty-day notice period for non-substantial transactions); and
47 C.F.R. § 25.151(c)(5) (providing that public notice will not be required for transactions that do not
involve a substantial change in ownership or control).


                                                    -3-


                                                                                                                                   Attachment D
                                                                                                                                  (October 2009)

                                                                       Thomson Reuters
                                                                       Control Structure

                                        All voting interests reflected on this chart are 100% unless otherwise indicated.

                          Woodbridge    *
                                       Approx. 55%


                                            TR Corp




                                         NSULC                  Thomson Reuters     **
                                                                   UK Limited




                                            Ontario                                               TR (2008)
                                                                                 36.7%             Limited
                                                                TR Int’l
                                                             Holdings Sarl                                     95.29%
                                            TRCL                                4.71%
                                                                                                     TRHL
                                                                Thomson
                                                                 Reuters
                                         TRHSA                 Investment
                                                                                 63.15%          LN Holdings
                                                                Holdings
                                                                 Limited                         (UK Tax Res)


                                         TRFSA
                                                                                                    LNUK



                                                                                                    LNUS



                                                                                                   TRUSHI


                                                            Thomson Reuters                       Thomson
                                                      ***     Organization                         Reuters
                                                                 Corp.                            USA Inc.


                                                                                                 TR No. 4 Inc.
                                                            Thomson Financial
                                                               Holdings Inc

                                                                                                 TR No. 5 LLC
                                                               Thomcorp
                                                              Holdings Inc.
                                                                                                 TR (TRI) Inc.

                                                            Thomson Reuters
                                                             (Markets) LLC
                                                                                                  TR US Inc.


                                                                Reuters
                                                              America LLC                        TR No. 8 Inc.


                                                                                                   Thomson
                                                                                                    Reuters
                                                                                                    US Inc.




   * Note: Woodbridge holds its 55% interest in Thomson Reuters Corporation either directly or through affiliates or wholly-owned subsidiaries, with the
     following wholly-owned subsidiary holding a 10% or greater interest in Thomson Reuters Corporation: 1683560 Ontario Limited (21.56%). See
     Attachment C for further details.

 ** Thomas Reuters PLC name change to Thomson Reuters UK Limited was effectuated on October 16, 2009.

*** Physicians’ Desk Reference Inc. name change to Thomson Reuters Organization Corp. was effectuated on September 3, 2009.



Document Created: 2010-12-07 15:46:30
Document Modified: 2010-12-07 15:46:30

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