Friday, July 30, 2010

Torstar sees modest recovery in ad revenues

Globe and Mail report elaborating on Torstar chief David Holland's statement:
"Looking forward, we continue to be cautious on the Newspapers and Digital revenue outlook given our revenue experience in the first half of the year and the nature of the economic recovery we are experiencing. At Harlequin, we anticipate another good year operationally but the anticipated improvement in earnings is likely to be offset by the negative impact of the strong Canadian dollar on results."

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