10:54:53 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Torstar Corp
Symbol TS
Shares Issued 70,327,455
Close 2014-11-27 C$ 6.55
Market Cap C$ 460,644,830
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Post/CP say Torstar shuts seven Metro websites

2014-11-28 09:29 ET - In the News

The Financial Post reports in its Friday edition Torstar is closing the digital operations of its Metro brand in seven cities where it no longer produces free daily newspapers. A Canadian Press dispatch to the Post quotes Torstar as saying Metro websites in Hamilton, Windsor, Kitchener and London, as well as Regina, Saskatoon and Victoria will close immediately. Three employees, two reporters and one editor, were laid off as part of the decision, Torstar spokesman Bob Hepburn told CP on Thursday. "We experimented with these markets and the results that we got indicated that going digital-only as a business model just wasn't viable there," he said. The move comes after the Star Media Group, a division of Torstar, announced in July it would shutter Metro papers in Regina, Saskatoon and London, as it focused on areas of the country with the "greatest potential for Metro." All three of those cities had one reporter on staff, an editor in London and another to oversee both editions in Saskatchewan last summer. Metro says it will continue to publish news stories on-line in the seven cities where it still distributes print editions: Halifax, Ottawa, Toronto, Winnipeg, Calgary, Edmonton and Vancouver.

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