May 3, 2017 / 10:50 AM / 2 years ago

REFILE-Toronto Star publisher's 1st-qtr revenue dips 11.5 pct

(Corrects to “Wednesday” from “Tuesday” in paragraph 1)

May 3 (Reuters) - Canadian newspaper publisher Torstar Corp on Wednesday reported a 11.5 percent fall in quarterly revenue, as growth in some of its digital ventures failed to offset a decline in print advertising.

Torstar, which publishes the Toronto Star and a string of other titles, said net loss attributable to shareholders narrowed to C$24.4 million ($17.7 million), or 30 Canadian cents per share, in the first quarter ended March 31, from C$53.5 million, or 66 Canadian cents per share, a year earlier.

Torstar recorded charges related to restructuring and impairment of some assets in the prior-year quarter.

Revenue fell to C$138.6 million from C$156.7 million. ($1 = 1.3730 Canadian dollars) (Reporting by John Benny in Bengaluru; Editing by Sai Sachin Ravikumar)

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