Torstar Corporation is a Canadian mass media company which primarily publishes daily and community newspapers.
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15 Facts About Torstar
2.
From 1958 to 2020, the class A shares of Torstar were held by the families of the original Atkinson Foundation trustees.
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3.
Torstar was founded after the Ontario government passed a law barring the provisions of late-Toronto Star owner Joseph Atkinson's will from being enacted.
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4.
Torstar stated that it wanted to focus on building synergies within its existing markets served.
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5.
At the time of the most recent quarter, Torstar had $69-million in cash on its balance sheet – more than the $52-million acquisition price from Nordstar.
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6.
The Torstar board stated representatives of the trust and Fairfax did not intend to support the CMMH bid.
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7.
Torstar further said that the test to be applied by the court was whether the process leading to the arrangement was fair and reasonable.
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8.
Ontario Superior Court Justice Cory Gilmore ruled NordStar, controlled by entrepreneurs Jordan Bitove and Paul Rivett, could close their purchase of Torstar, setting aside requests from competing bidder Canadian Modern Media Holdings Inc to re-open an auction of the company.
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9.
In September 2018, Torstar announced a deal to acquire the existing political news website iPolitics, effective on 1 October 2018.
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10.
Torstar did announce that iPolitics would maintain its own bureau in Ottawa.
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11.
Torstar has a stake in the Canadian edition of the Chinese-language Sing Tao Daily since 1998.
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12.
Torstar operates websites and message boards that focus on niche categories, particularly within the automotive industry.
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14.
Torstar launched a weekly celebrity-based magazine called Scoop in 2005, which folded one year later.
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15.
Between late 2005 and early 2011, Torstar held a 20 per cent stake in CTVglobemedia, a Canadian media company which broke up when BCE Inc, the parent company of Bell Canada, purchased the company's media assets.
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