Various senses that concur.
It has, in addition to the line-breaking algorithm, a global page-breaking algorithm ... and for the rest may I suggest reading (it's brief) section 4.2 of GNU TeXmacs, A free, structured, wysiwyg and technical text editor, J. Van der Hoeven, Cahiers GUTenberg, no. 39-40 (2001), pp. 39-50, that you can find at the official website of the journal at http://www.numdam.org/article/CG_2001___39-40_39_0.pdf