Torstar Corporation
TSX : TS.B

June 07, 2006 17:00 ET

Black Press to Acquire Akron Beacon Journal

TORONTO, ONTARIO--(CCNMatthews - June 7, 2006) - Black Press Limited, a privately owned and operated company in which Torstar Corporation (TSX:TS.B) has a 19.35% interest, announced it has agreed to acquire the Akron Beacon Journal, the daily newspaper in Akron, Ohio. The purchase price is $165 million U.S. which will be financed internally by Black Press.

About Torstar Corporation

Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange (TS.B). Its businesses include newspapers led by the Toronto Star, Canada's largest daily newspaper; CityMedia Group, publishers of daily and community newspapers in Southwestern Ontario; Metroland Printing, Publishing & Distributing, publishers of more than 90 community newspapers in Ontario; digital properties including workopolis.com, toronto.com and LiveDeal.ca; and Harlequin Enterprises, a leading global publisher of women's fiction.

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

Contact Information

  • Torstar Corporation
    David P. Holland
    Executive Vice-President and CFO
    (416) 869-4031
    www.torstar.com