BUZZ-Torstar Corp: Worst day in 2 months after dividend cut, bigger loss

Wed Jul 27, 2016 12:30pm EDT
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** Shares of the company, owner of Canada's largest circulation daily newspaper, down 5.4 pct at C$1.57

** Stock falls as much as 9 pct - biggest intraday pct loss in 2 months

** Cuts its dividend and reports a wider Q2 loss, as it struggled with slumping print ad revenue

** Lowers annual dividend to 10 cents/share from 26 cents/share

** Says lower revenue trends have extended into current quarter

** Up to Tuesday's close, stock had fallen more than 40 pct this year