Torstar Profit Falls 65% on Weak Ad Market, Writedown

Posted
By: Steve Ladurantaye | The Globe and Mail

Days after announcing cuts at its flagship Toronto Star newspaper, Torstar Corp. said profit fell almost 65 per cent in the fourth quarter due to a weak national advertising market and a writedown at its online job search division.

The company said it posted a $24-million profit, down from $64-million a year ago.































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