Torstar Corporation
TSX : TS.B

Torstar Corporation

April 01, 2011 09:05 ET

Torstar Announces Completion of Sale of Its Interest in CTV Inc. (Formerly CTVglobemedia Inc.)

TORONTO, ONTARIO--(Marketwire - April 1, 2011) - Torstar Corporation (TSX:TS.B) announced that it has completed the sale of its 20% interest in CTV Inc. (formerly CTVglobemedia Inc.) to BCE Inc. for proceeds of $291.6 million, after adjustments. This amount is in addition to the $40 million received December 31, 2010 in connection with the acquisition by The Woodbridge Company Limited of a direct interest in The Globe and Mail.

ABOUT TORSTAR CORPORATION

Torstar Corporation is a broadly based media and book publishing 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

  • Torstar Corporation
    Lorenzo DeMarchi
    Executive Vice-President and Chief Financial Officer
    (416) 869-4776