Torstar posts lower profit, cuts 67 jobs

Wed Mar 6, 2013 6:39am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

March 6 (Reuters) - Torstar Corp, publisher of the Toronto Star, Canada's largest daily, reported a 63 percent fall in fourth-quarter profit and said it had cut 67 jobs.

Net income attributable to equity shareholders fell to C$24.1 million, or 30 Canadian cents per share, from C$64.3 million, or 81 Canadian cents per share, a year earlier.