Torstar Reports Flat Profit, as Toronto Star Readies Tablet Edition

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by: James Bradshaw | The Globe and Mail

As print advertising revenue continues to shrink at Torstar Corp., the company is pinning its hopes on a tablet edition of the Toronto Star expected to attract new readers and advertisers.

 

Torstar reported flat profit for the fourth quarter of 2014 on Wednesday, but the ongoing plunge in revenue as advertisers move away from print newspapers remains a major drag on results. And the declines show no signs of slowing yet.

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