Torstar Corp., publisher of the Toronto Star, posted a third-quarter profit that beat market estimates, helped by growth in its newspapers and digital division. The publisher reported third-quarter net income of $4.1 million, or five cents a share, relatively unchanged from last year when it posted a net profit of $4 million, or five Canadian cents a share. Excluding the losses from CTVglobemedia, where it has agreed to sell its 20 percent stake to BCE Inc for $345 million, Torstar earned 28 cents a share. Revenue at Torstar -- which also owns daily and community newspapers, the Workopolis website and publishes romance novels under the Harlequin banner -- rose three percent to $352.7 million, from $343.7 million a year ago.
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