Torstar Corporation
TSX : TS.B

Torstar Corporation

August 01, 2014 12:30 ET

Torstar Corporation Completes Sale of Harlequin Enterprises Limited

TORONTO, ONTARIO--(Marketwired - Aug. 1, 2014) - Torstar Corporation (TSX:TS.B) announced today that it has completed the sale of Harlequin Enterprises Limited to a division of HarperCollins Publishers L.L.C., a subsidiary of News Corp., for a purchase price of $455 million Canadian. The purchase price is subject to certain adjustments as described in the purchase agreement, which also contains certain continuing covenants and indemnities. The purchase agreement is available at www.sedar.com.

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, Free Daily News Group Inc., which publishes the English-language Metro newspapers in several Canadian cities, Metroland Media Group, publisher of community and daily newspapers in Ontario; and also include digital properties including thestar.com, Workopolis, wagjag.com, toronto.com, save.ca, Olive Media, and eyeReturn Marketing.

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

Contact Information

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