Torstar affirms faith in print with takeover of full control of Metro newspaper chain

Torstar Corp., the parent company of the Toronto Star, has purchased virtually full control of Metro, the free weekday newspaper distributed in cities across Canada. Torstar announced the terms of the deal after markets closed Friday. It paid its partner Metro International SA of Sweden $51.5 million for 80% of its 50% share in the Free Daily News Group; Torstar now owns 90% of the business.

Torstar's Star Media Group buys startup digital beauty magazine The Kit

The Kit, a startup digital beauty and wellness magazine created by former St. Joseph Media staff has been purchased by Star Media Group (Toronto Star).“We searched diligently for the best women’s lifestyle play for our audiences and advertisers,” Edward Greenspon, vice president of business development for Star Media Group and the Toronto Star, said in a release. “We liked what we saw in The

Torstar takes the long view with transition at Metroland

The outcome of an orderly succession planning at the giant Metroland Group division of Torstar Inc. results in Ian Oliver, the publisher of the Hamilton Spectator and executive vice-president of Metroland Media Group stepping into the presidency, succeeding Murray Skinner. According to a company release, Skinner, who worked for Metroland and Torstar for 32 years, steps down effective July 1, 2008

Quebecor asks court to forbid Osprey Media from accepting higher bid

Quebecor Inc. is asking the courts to forbid Osprey Media Income Fund from considering or dealing with takeover bids from anyone else. This is aimed directly at the Torstar-backed bid by Black Press Ltd. of Victoria to up the ante for the Osprey newspapers and magazines; it topped the Quebecor bid by $1 a unit. Quebecor's application will be heard -- and defended -- at the Superior Court of

Osprey Media Income Fund still in play and the price keeps going up

The sale of newspaper and magazine company Osprey Media Income Fund looked like a slam dunk for Quebecor Media, leaving a bruised Torstar group sulking in the corner. Torstar and Quebecor have been squabbling about who did what to whom and about whether or not they had a deal to split up the Osprey properties, which include well-known dailies like the St. Catharines Standard and the Kingston

Carving up Osprey Media turning out messy for Quebecor and Torstar

A cosy deal to carve up the Osprey newspaper and magazine empire seems to have gone badly awry as Torstar Inc. has cried foul about Quebecor Corp.'s purchase of all the assets, including such venerable newspapers as the St. Catharines Standard and the Kingston Whig-Standard and a clutch of magazines.According to a story in the Globe and Mail, the two conglomerates agreed in late 2005 to divvy up

Osprey Media bought by Quebecor

Quebecor Media has purchased Osprey Media Income Fund for $517 million. Michael Sifton put together the Osprey Media chain of newspapers and magazines out of the smaller dailies and weekly newspapers and magazines that CanWest Media either didn't want or wanted to sell to pay down debt from buying Conrad Black out of his Hollinger empire. In all, Sifton's company bought 54 newspapers, including

Torstar rumoured to be looking at Osprey Media

Speculation is increasing that Osprey Media Income Fund, which has been struggling to maintain enough profits to continue paying distributions to its fund holders, may be sold to Torstar.A story in the Globe and Mail suggests a possible deal whereby Torstar would buy and keep (or fold) various dailies and weeklies that overlap with or fit with its own dominance in south central Ontario. The

Paton's YTV Whoa! spins off e-zine

YTV Whoa! magazine, the tween magazine put out by Paton Publishing (a subsidiary of Torstar's Metroland Media Group) has spun off an e-zine.Whoa! distributes 250,000 copies, four times a year through Pizza Hut restaurants, Indigo/Chapters and newsstands across Canada (plus 75,000 copies of a French version), according to a story in Media in Canada.An interactive sample of the e-zine can be seen