March 2, 2016 / 11:46 AM / a year ago

Canada's Torstar posts quarterly loss

1 Min Read

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below