April 30, 2008 / 10:52 AM / in 10 years

Torstar posts loss on restructuring charge

TORONTO (Reuters) - Publishing company Torstar Corp TSb.TO on Wednesday reported a first-quarter loss, hurt by weak newspaper revenues and a hefty restructuring charge.

Torstar, which publishes the Toronto Star daily newspaper and the Harlequin line of romantic novels, said it had lost C$3.5 million ($3.45 million), or 4 Canadian cents a share, compared with a year-earlier profit of C$15.7 million, or 20 Canadian cents a share.

($1=$1.01 Canadian)

Reporting by Scott Anderson; Editing by Lisa Von Ahn

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