Torstar Corp. reports a third-quarter loss at
September 30, 2013 of $70.8-million. That is a decline in revenue of 7.7% --
down to $328 million from last year's $355 million. The losses occurred in both
the media division and the publishing division, Harlequin. The romance novel arm
of Torstar was a a gold mine for the firm for decades. The digital reader
revolution has had a killing effect on Harlequin sales, as it has had with other
publishers. The newspaper business continues to suffer from diminishing
advertising sales. The Toronto Star's publisher, John Cruickshank said it is too
soon to gauge the success of the online paywall recently placed on the Star's
website. He said the revenues gained from this move were about what had been
expected but he did not speak on how the decision had impacted the number of
so-called unique visitors to the site, the measure used to establish online
advertising rates.
Wednesday, November 6, 2013
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2013
(365)
-
▼
November
(24)
- Veteran journalist William (Bill) Stevenson dead a...
- Rogers to rule over iconic 'Hockey Night in Canada...
- Katie Couric Named Yahoo's 'Global Anchor'
- CBS News' Lara Logan Taking Leave Of Absence Over ...
- NHL signs 12-year TV, Internet deal with Rogers; C...
- Media should ask if Ford really has anything to say
- Sun News kills Ford Nation show after one episode
- Contract up, Maria Bartiromo is leaving CNBC
- Globe and Mail makes its videos embeddable
- Star will lay off ad department, outsource to Metro
- Mayor and brother to have new show on Sun News TV ...
- CP labels Liberal candidate who oversaw cuts at Re...
- CNN names Brian Stelter the new host of its Reliab...
- "60 Minutes" apology deemed "inadequate"
- Chatelaine loses editor-in-chief to Good Housekeeping
- ABC News correspondent has on-air mammogram, finds...
- Mayor's radio show cancelled
- CBS says misled by source in 60 Minutes’ Benghazi ...
- The faces of the Rogers layoffs
- Torstar Corp reports loss of $70 million in Q-3
- Rogers Communications lays off 94 in media operations
- Rogers withdraws magazines from digital libraries
- Footprints in sand helped lead to arrests in killi...
- Two French journalists kidnapped and killed in nor...
-
▼
November
(24)
No comments:
Post a Comment