by: Steve Ladurantaye | The Globe and Mail

The company met with analysts this week to update them on their plans. The newspaper industry is in the midst of a deep challenge, as national advertisers spend their money elsewhere and readers move away from the printed product.

And while the Star’s parent company Torstar reached a deal with The Globe and Mail that will see the two companies merge their Ontario distribution operations (Torstar said the deal would save it about $5-million a year), the company said it didn’t think a wave of consolidation was about to move across Canada’s newspaper industry.