Torstar Corporation
TSX : TS.B

Torstar Corporation

April 12, 2010 08:36 ET

Harlequin Signs Agreement to Acquire Full Ownership of German Operation

TORONTO, ONTARIO--(Marketwire - April 12, 2010) - Torstar Corporation (TSX:TS.B) today announced that its wholly-owned subsidiary, Harlequin Enterprises Limited, has signed an agreement to acquire full ownership of its German publishing business, Cora Verlag, from Axel Springer Verlag, Harlequin's joint venture partner in Germany since 1976. The transaction is subject to German regulatory approval.

ABOUT TORSTAR CORPORATION

Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange (TS.B). Its businesses include the Star Media Group led by the Toronto Star, Canada's largest daily newspaper and digital properties including thestar.com, toronto.com, Workopolis, Olive Media, and eyeReturn Marketing; Metroland Media Group, publishers of community and daily newspapers in Ontario; and Harlequin Enterprises, a leading global publisher of books for women.

Torstar's news releases are available on the Internet at www.torstar.com.

Contact Information