OTTAWA/TORONTO (Reuters) – The Canadian government has decided to intervene in a court case to argue that new rules for the country’s wireless providers should be retroactive, possibly reducing the chance telecom companies have of winning an appeal against the measure.
It is the first sign that the Conservative federal government will fight in the courts to protect the new wireless code’s implementation, underscoring its determination to stoke competition in the sector.
TORONTO, May 7 (Reuters) – A grim newspaper advertising
market continued to hit revenue at Torstar Corp,
publisher of Canada’s largest-circulation daily paper, in the
first quarter, the company said on Wednesday as its journalists
mounted a protest against cost-cutting measures.
In its quest for cash, Torstar said last week it would sell
its Harlequin romance-novel publishing business to News Corp for
C$455 million ($418 million). The sale helped reassure investors
who have worried that the company’s dividend payout is
unsustainable, but it leaves Torstar more reliant on a
turnaround in its media business.