Correspondent, Toronto, Canada
Alastair's Feed
May 7, 2014

Sales drop at Toronto Star publisher; staff decry cost cuts

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.

May 2, 2014
May 1, 2014
May 1, 2014
Apr 29, 2014
Apr 29, 2014
Apr 29, 2014
Apr 29, 2014
Apr 29, 2014
Apr 28, 2014
    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      English, Arabic
    • More from Alastair

    • Contact Alastair

    • Follow Alastair