Last C$8.46 CAD
Change Today +0.17 / 2.05%
Volume 64.9K
TS/B On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:00 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

torstar corp - cl b (TS/B) Snapshot

Open
C$8.30
Previous Close
C$8.29
Day High
C$8.47
Day Low
C$8.19
52 Week High
07/23/14 - C$8.47
52 Week Low
02/13/14 - C$4.96
Market Cap
676.4M
Average Volume 10 Days
90.9K
EPS TTM
C$0.67
Shares Outstanding
70.1M
EX-Date
06/11/14
P/E TM
12.6x
Dividend
C$0.53
Dividend Yield
6.21%
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 Makes Tentative Agreement with Union over Digital Journalists

Torstar Corp. has struck a tentative agreement with the union that represents journalists at the Toronto Star over the classification of new digital journalist jobs. Unifor said to members at Torstar that the compromise allows the company to 'experiment' with its digital strategy until the expiry of the existing contract at the end of 2016. The most recent digital job postings will be considered temporary positions with lower paying starting wages for the duration of the agreement. The deal provides a short-term resolution to concerns expressed by Toronto Star reporters over a proposed two-tiered status separating online reporters from the rest of the company's journalists.

Torstar Corporation, Special/Extraordinary Shareholders Meeting, Jul 08, 2014

Torstar Corporation, Special/Extraordinary Shareholders Meeting, Jul 08, 2014., at 10:00 US Eastern Standard Time. Location: One Yonge Street, 3rd Floor Auditorium. Agenda: To consider and approve the sale by the Corporation of the Corporation's subsidiary Harlequin Enterprises Limited to a subsidiary of HarperCollins Publishers L.L.C.; and to transact any further or other business that may properly be brought before the meeting.

Torstar Corporation Declares Quarterly Dividend on Class A Shares and Class B Non-Voting Shares, Payable on June 30, 2014; Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Reports Impairment of Assets for the First Quarter Ended March 31, 2014

Torstar Corporation reported unaudited consolidated financial results for the first quarter ended March 31, 2014. Net income attributable to equity shareholders was CAD 7.1 million or CAD 0.09 per basic and diluted share in the first quarter of 2014 up CAD 2.9 million from CAD 4.2 million or CAD 0.05 per basic and diluted share in the first quarter of 2013. Net debt was CAD 172.7 million at March 31, 2014, up CAD 14.2 million from CAD 158.5 million at December 31, 2013. Operating revenue was CAD 292,433,000, compared to CAD 313,418,000 for the last year. Operating profit was CAD 11,770,000, compared to CAD 9,340,000 for the last year. Cash provided by operating activities was CAD 14,390,000, compared to CAD 13,184,000 for the last year. Addition to property, plant and equipment and intangible assets was CAD 3,945,000, compared to CAD 4,090,000 for the last year. Adjusted earnings per share was CAD 0.14 in the first quarter of 2014, consistent with the first quarter of 2013. EBITDA was CAD 24,916,000 compared to CAD 26,136,000 for the last year. On May 6, 2014, the company declared a quarterly dividend of 13.125 cents per share on its Class A shares and Class B non-voting shares, payable on June 30, 2014, to shareholders of record at the close of business on June 13, 2014. Impairment of assets was CAD 266,000 for the first quarter ended March 31, 2014.

 

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