Last C$7.92 CAD
Change Today +0.41 / 5.46%
Volume 194.7K
TS/B On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:00 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

torstar corp - cl b (TS/B) Snapshot

Open
C$7.52
Previous Close
C$7.51
Day High
C$7.92
Day Low
C$7.45
52 Week High
07/23/14 - C$8.47
52 Week Low
02/13/14 - C$4.96
Market Cap
634.8M
Average Volume 10 Days
67.7K
EPS TTM
C$0.65
Shares Outstanding
70.3M
EX-Date
09/10/14
P/E TM
12.2x
Dividend
C$0.53
Dividend Yield
6.63%
Current Stock Chart for TORSTAR CORP - CL B (TS/B)

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torstar corp - cl b (TS/B) Details

Torstar Corporation is engaged in the media and book publishing businesses in North America and internationally. The company operates in two segments, Media and Book Publishing. The Media Segment publishes in print and online approximately 115 weekly community newspapers; 3 daily newspapers, including The Hamilton Spectator, the Waterloo Region Record, and the Guelph Mercury; and various other specialty and monthly publications, magazines, telephone directories, consumer shows and flyer distribution operations, various Websites, and digital applications and products. It also publishes the English-language metro newspapers in various Canadian cities; and the Chinese-language Sing Tao daily and its related publications in Toronto, Vancouver, and Calgary. In addition, this segment publishes editions; is involved in printing, outdoor advertising, and radio; and publishes weekly magazines, inserts, free weekly newspapers, Chinese-language telephone directories, and Websites. Further, it operates other digital businesses, which include eyeReturn Marketing Inc. that provides advertising services related to display advertising, video, rich media, and mobile advertising; goldbook.ca; Save.ca; toronto.com; travelalerts.ca; wagjag.com; wheels.ca; workopolis.com; HomeFinder.ca; LocalWork.ca; Lifenews.ca; Yourclassifieds.ca; Suhaag.com; CanadianImmigrant.ca; MillionsOfReaders.com; and Olive Media. The Book Publishing segment publishes and distributes books in various genres and formats, including digital. It offers books under various imprints, including Harlequin MIRA, Harlequin HQN, Harlequin Kimani Press, Harlequin TEEN, and Carina Press. This segment sells books through the retail channel, in stores, and online, as well as directly to the consumer through direct mail and its Internet sites. Torstar Corporation was founded in 1892 and is based in Toronto, Canada.

Founded in 1892

torstar corp - cl b (TS/B) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$750.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$410.0K
President of Metroland Media Group Ltd
Total Annual Compensation: C$420.0K
Ex-Officio Member of Toronto Star Advisory Co...
Total Annual Compensation: C$420.0K
Compensation as of Fiscal Year 2013.

torstar corp - cl b (TS/B) Key Developments

Torstar Corporation Declares Quarterly Dividend Payable on September 30, 2014

On July 29, 2014, Torstar Corporation declared a quarterly dividend of 13.125 cents per share on its Class A shares and Class B non-voting shares, payable on September 30, 2014, to shareholders of record at the close of business on September 12, 2014.

Torstar Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment of Assets for the Second Quarter Ended June 30, 2014; Provides Capital Expenditure Guidance for the Second Half of 2014

Torstar Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, operating revenue was CAD 225,591,000, compared to CAD 243,558,000 for the last year. Operating profit was CAD 17,282,000, compared to CAD 17,140,000 for the last year. Net income from continuing operations was CAD 18,104,000 or CAD 0.23 per basic and diluted share against CAD 12,552,000 or CAD 0.16 per basic and diluted share a year ago. Net income attributable to equity shareholders was CAD 19,682,000 or CAD 0.25 per basic and diluted share against CAD 18,006,000 or CAD 0.23 per basic and diluted share a year ago. Cash provided by operating activities was CAD 28,867,000, compared to CAD 2,206,000 for the last year. Addition to property, plant and equipment and intangible assets was CAD 3,631,000, compared to CAD 4,370,000 for the last year. Adjusted earnings per share were CAD 0.20 in the second quarter of 2014, down CAD 0.01 per share from CAD 0.21 per share in the second quarter of 2013. Total segmented EBITDA from continuing operations in the quarter which includes a proportionate interest in joint ventures was CAD 32.5 million, down CAD 1.1 million from prior year. This reflects a modest increase at Metroland Media and lower corporate expenses which were more than offset by a decline of Star Media Group. From a net borrowings perspective, the company finished the quarter with total net debt of CAD 156 million, down almost CAD 17 million in the quarter and approximately CAD 3 million since the beginning of the year. For the six months, operating revenue was CAD 424,775,000, compared to CAD 460,680,000 for the last year. Operating profit was CAD 16,963,000, compared to CAD 12,177,000 for the last year. Net income from continuing operations was CAD 16,513,000 or CAD 0.21 per basic and diluted share against CAD 6,333,000 or CAD 0.08 per basic and diluted share a year ago. Net income attributable to equity shareholders was CAD 26,786,000 or CAD 0.34 per basic and diluted share against CAD 22,179,000 or CAD 0.28 per basic and diluted share a year ago. Cash provided by operating activities was CAD 43,257,000, compared to CAD 15,390,000 for the last year. Addition to property, plant and equipment and intangible assets was CAD 7,025,000, compared to CAD 7,536,000 for the last year. For the second quarter, impairment of assets was CAD 258,000 compared to CAD 370,000 a year ago. Capital expenditures for the second half of 2014, exclusive of those related to Harlequin, are currently anticipated to be approximately CAD 14 million for additions to property, plant, equipment and intangible assets and approximately CAD 17 million for the funding of registered defined benefit pension plans, excluding Harlequin.

Torstar Corporation to Report Q2, 2014 Results on Jul 30, 2014

Torstar Corporation announced that they will report Q2, 2014 results at 6:30 AM, Eastern Daylight on Jul 30, 2014

 

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