Torstar’s Q2 Loss Rises to $23.9 Million
July 29, 2016
Torstar Corp. said Wednesday it saw its second-quarter loss swell as it incurred expenses related to its acquisition of VerticalScope last year and the closure of its printing plant in Vaughan, Ont., this month.
The parent company of newspapers including the Toronto Star reported a net loss of $23.9 million, which amounted to 30 cents per Torstar share. That’s up from a $1.1-million loss or one cent per share in last year’s second quarter.
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