Canada's Torstar posts quarterly loss

Wed Mar 2, 2016 6:41am EST
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March 2 (Reuters) - Torstar Corp, owner of Canada's largest circulation daily newspaper, posted a quarterly loss as print advertising revenue continues to slide.

The company reported a net loss from continuing operations of C$233.4 million, or C$2.90 per share, compared with a profit of C$20.9 million, or 26 Canadian cents a year earlier.

Revenue fell 8.4 percent to C$213.7 million. (Reporting by Alastair Sharp in Toronto and Manish Parashar in Bengaluru; Editing by Shounak Dasgupta)