The Financial Post reports in its Thursday edition Torstar has posted net income of $20.6-million in the three months ended Dec. 31, little changed from $21.1-million a year earlier. A Canadian Press dispatch to the Post says net income per share was unchanged at 26 cents; adjusted earnings fell one cent to 48 cents per share. Total revenue from Torstar's newspaper and book divisions, including the Harlequin romance novel unit, was $366.5-million, down 7 per cent from $395.7-million a year earlier, although the media division's revenue was up from the third quarter. Its shares soared 63 cents to close at $5.67 Wednesday. The company said the media division that includes the Toronto Star newspaper and the Metro papers had a strong finish to 2013 despite absorbing a "hit" in its on-line audience figures when the Star put up its digital paywall in August. "It's fairly consistent with some other metropolitan dailies," said Star publisher John Cruickshank. "It's higher than we anticipated although we've done quite well on the revenue side." For the new year, Torstar said it will continue to focus on its multiplatform approach of finding a balance between providing news through digital and print sources.