BRIEF-Torstar Corp reports Q1 adjusted loss per share c$0.40

Wed May 4, 2016 6:49am EDT
 
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May 4 (Reuters) - Torstar Corp

* Torstar Corporation reports first quarter results

* Q1 loss per share c$0.66 from continuing operations

* Q1 adjusted loss per share c$0.40

* Says segmented revenue was $174.8 million in Q1 of 2016, down $17.5 million

* Challenges experienced by Metroland Media Group and Star Media Group expected to continue in balance of year

* Early indications at Metroland Media Group are that rate of print advertising revenue decline in April has moderated relative to Q1

* Subscriber revenues declined moderately in Q1 of 2016 and this trend is expected to continue in balance of year

* Newsprint pricing has increased in 2016   Continued...