Torstar reports quarterly loss as advertising revenue falls

Wed Jul 27, 2016 8:18am EDT
 
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TORONTO, July 27 (Reuters) - Torstar Corp, owner of Canada's largest circulation daily newspaper, on Wednesday reported a second-quarter loss as print advertising revenue continued to decline.

The company, which publishes the Toronto Star, said its net loss from continuing operations was C$24.3 million, compared with a net loss of C$1.1 million in the same period the year before. Revenue fell by 9.4 percent to C$196.5 million.

(Reporting by Matt Scuffham)