Torstar Hikes Payout as Revenue Slips

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By: Steve Ladurantaye | The Globe and Mail

Torstar Inc. will increase its dividend by 5 per cent, despite a weak advertising market that pushed the company’s revenue lower in the last quarter.

Chief executive officer David Holland said the company’s earnings were “solid in the quarter given the environments” as he announced the increased payout to investors and warned that the advertising market for the Toronto Star and its stable of smaller papers remains weak.































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