BUZZ-Torstar Corp: Hits record low

Wed Mar 16, 2016 10:29am EDT
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** Toronto Star newspaper publisher's shares down 3.5 pct at C$1.67

** Fall as much as 5.8 pct to record low of C$1.63

** Company says John Cruickshank, publisher of Toronto Star and president of Star Media Group business, to step down effective May 4

** President and CEO David Holland will replace Cruickshank on an interim basis

** Cruickshank, publisher of the Star since Jan 2009, was previously publisher of CBC News and Chicago Sun-Times, CEO of Sun-Times Media Group and managing director of Globe and Mail, among others

** Up to Tuesday's close, stock had lost nearly three-fourths of its value in past 12 months