Last C$6.58 CAD
Change Today -0.05 / -0.75%
Volume 52.0K
As of 3:09 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

torstar corp - cl b (TS/B) Snapshot

Open
C$6.67
Previous Close
C$6.63
Day High
C$6.67
Day Low
C$6.51
52 Week High
03/27/14 - C$6.95
52 Week Low
02/13/14 - C$4.96
Market Cap
522.7M
Average Volume 10 Days
66.7K
EPS TTM
C$0.66
Shares Outstanding
70.1M
EX-Date
03/12/14
P/E TM
9.9x
Dividend
C$0.53
Dividend Yield
7.98%
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 March 31, 2014

On March 4, 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 March 31, 2014, to shareholders of record at the close of business on March 14, 2014. Torstar advises that, for the purposes of the Income Tax Act, Canada and for any relevant provincial tax legislation, this dividend is designated as an eligible dividend.

Torstar Corporation Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2013; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2013; Provides Capital Expenditure Guidance for the Year 2014

Torstar Corporation reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported operating revenue of CAD 348,375,000 against CAD 377,892,000 a year ago. Operating profit was CAD 34,100,000 against CAD 44,276,000 a year ago. Net income attributable to equity holders of the company was CAD 20,637,000 against CAD 21,079,000 a year ago. Net income attributable to equity holders of the company per diluted share was CAD 0.26 against CAD 0.26 a year ago. Cash provided by operating activities was CAD 35,958,000 against CAD 28,998,000 a year ago. Additions to property, plant and equipment and intangible assets were CAD 6,142,000 against CAD 7,623,000 a year ago. Adjusted earnings per share were CAD 0.48, down CAD 0.01 from CAD 0.49 in the fourth quarter of 2012. Net debt was CAD 158.5 million at December 31, 2013, down CAD 4.5 million from year-end 2012. Its net debt position includes long-term debt of CAD 176 million and a cash balance of CAD 17.4 million net of the bank overdraft and excluding an additional CAD 11.4 million of cash, which reflects its portion of the cash and held inside its joint venture partnerships. EBITDA was CAD 59,868,000 against CAD 60,560,000 a year ago. For the full year, the company reported operating revenue of CAD 1,308,791,000 against CAD 1,406,768,000 a year ago. Operating profit was CAD 11,321,000 against CAD 131,077,000 a year ago. Net loss attributable to equity holders of the company was CAD 27,984,000 against net income attributable to equity holders of the company of CAD 82,344,000 a year ago. Net loss attributable to equity holders of the company per diluted share was CAD 0.35 against net income attributable to equity holders of the company per diluted share of CAD 1.03 a year ago. Cash provided by operating activities was CAD 80,732,000 against CAD 89,835,000 a year ago. Additions to property, plant and equipment and intangible assets were CAD 23,128,000 against CAD 30,174,000 a year ago. EBITDA was CAD 161,900,000 against CAD 185,742,000 a year ago. The company reported impairment of assets of CAD 266,000 for the fourth quarter ended December 31, 2013 against CAD 734,000 a year ago. The company anticipates spending in 2014 approximately CAD 27.0 million for additions to property, plant, equipment and intangible assets; inclusive of Torstar's proportionate share of additions to property, plant, equipment and intangible assets of its joint ventures. The 2014 capital expenditures are anticipated to include continued investment in technology and software in the media segment in addition to general capital maintenance spending.

Torstar Corporation to Report Q4, 2013 Results on Mar 05, 2014

Torstar Corporation announced that they will report Q4, 2013 results at 6:30 AM, US Eastern Standard Time on Mar 05, 2014

 

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