Torstar Reports Profit Jump, But Outlook ‘Challenged’

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By: Christine Dobby | Financial Post

TORONTO — Torstar Corp., owner of the Toronto Star newspaper, reported a jump in fourth-quarter profit Wednesday, boosted by earnings from its Harlequin romance-novel division and benefits from newly acquired interests in other newspapers.

But print advertising declines, a consistent theme for the newspaper publishing industry, hit the company’s media segment.

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