TS-B.TO - Torstar Corporation

Toronto - Toronto Delayed Price. Currency in CAD
0.8600
+0.0100 (+1.18%)
At close: 3:58PM EDT
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Previous Close0.8500
Open0.8400
Bid0.8600 x 0
Ask0.8700 x 0
Day's Range0.8400 - 0.8600
52 Week Range0.5700 - 1.3800
Volume5,000
Avg. Volume38,786
Market Cap69.79M
Beta (3Y Monthly)0.72
PE Ratio (TTM)N/A
EPS (TTM)-0.3020
Earnings DateN/A
Forward Dividend & Yield0.10 (11.36%)
Ex-Dividend Date2019-06-06
1y Target Est1.15
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  • CNW Group28 days ago

    Torstar Corporation to Report 2019 Second Quarter Results

    TORONTO , June 24, 2019 /CNW/ -  Torstar Corporation plans to release its second quarter results at 6:30 a.m. on July 31, 2019 and has scheduled a conference call for July 31, 2019 at 8:15 a.m. The dial-in ...

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  • Torstar closing Hamilton printing and mailroom operations
    The Canadian Press2 months ago

    Torstar closing Hamilton printing and mailroom operations

    Torstar Corp. says it will close its Hamilton printing and mailroom operations this summer and look at selling the property. The newspaper publisher says the printing work done at the facility will be transferred to TC Transcontinental Printing and other Torstar-owned facilities as well as other external printers. In connection with the move, Torstar says it has extended its printing arrangements with TC Transcontinental Printing to 2024.

  • CNW Group2 months ago

    Torstar announces closure of Hamilton printing and mailroom operations at 44 Frid Street

    TORONTO, May 24, 2019 /CNW/ - Torstar Corporation today announced it will close its Hamilton printing and mailroom operations at 44 Frid Street on or about August 24, 2019. The printing work currently performed at the Hamilton facility will be transferred to TC Transcontinental Printing and other Torstar-owned facilities as well as other external printers. In connection with this decision Torstar has also extended its printing arrangements with TC Transcontinental Printing to 2024.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of TS.B.TO earnings conference call or presentation 8-May-19 12:15pm GMT

    Q1 2019 Torstar Corp Earnings Call

  • CNW Group2 months ago

    Torstar Corporation: Result of Voting for Directors at Annual Meeting of Class A Shareholders

    TORONTO , May 8, 2019 /CNW/ -  Torstar Corporation announces the results of the vote on the election of directors at its annual meeting of the holders of Class A shares held on May 8, 2019 . Each of the ...

  • Torstar gets $18 million boost from Ontario tax credit in Q1, reducing loss
    The Canadian Press2 months ago

    Torstar gets $18 million boost from Ontario tax credit in Q1, reducing loss

    TORONTO — Torstar Corp.'s future depends on it successfully becoming a "journalism and data company" with content that attracts paying subscribers and advertisers, chief executive John Boynton told its annual shareholder meeting Wednesday."Data is the resource that should differentiate Torstar and should build a more sustainable business model into the future," Boynton said at Torstar headquarters, which is also home to its flagship publication, the Toronto Star.He acknowledged that Torstar has a long way to go to completely transform from a legacy business funded by print advertising and subscriptions, but said it has now put in place many of the necessary systems and practices."So having that great data infrastructure allows our people in all of our news rooms, the people who create great journalism content, to get very precise about which stories matter the most." In addition to the Toronto Star, the company owns daily, community and commuter newspapers in numerous communities and a 56 per cent interest in VerticalScope, a Toronto-based digital media company.One of Torstar's new tools is a metered paywall at the Toronto Star that provides limited free access to content and more access to paying subscribers. As of March 31, it had about 15,000 digital-only subscribers."Critically, we haven't even started to scratch the surface when it comes to digital subscriptions," Boynton said.Earlier, Boynton told analysts in a conference call before the meeting that Torstar had made "good progress" towards developing new revenue streams from digital media.However, he said it's too soon to quantify what benefit Torstar will receive from its new paid-subscription partnership with Apple Inc., announced in March a few days before the quarter ended."I think it will take multiple quarters to see what our share of the revenue is going to be," Boynton said.At the end of the annual meeting, Torstar executives were asked why the board keeps paying a dividend to shareholders rather than use the money to transform the company more quickly.Torstar chairman John Honderich, who is also a major voting shareholder, said the company has kept its costs in line with revenue and reported stable cash levels at the end of the first quarter in both 2019 and 2018."There's no question that the declining revenue base has put pressure on our earnings and our cash flow. And this is something we are very attuned to and review all the time." Honderich said."The dividend has been decreased several times in the past and it is still the feeling in this situation that we should reward our shareholders who have stuck with our company for a long period of time with the payment of a dividend."Earlier Wednesday, Torstar announced it had a smaller loss in the first quarter than a year ago as cost reductions and provincial tax credits partly offset weaker revenue from advertising and flyer distribution.Revenue was just under $116 million from all operating segments in three months ended March 31, down from nearly $129 million a year earlier.Its loss attributable to shareholders amounted to $7.4 million or nine cents per share. That compared with a loss of $14.5 million or 18 cents per share in the same quarter last year.A major reason for the improved bottom line was an $18-million Ontario digital media tax credit for previously incurred salary and benefit costs. Excluding the tax credit, salaries and benefit costs were down $5.7 million or eight per cent.Torstar chief financial officer Lorenzo DeMarchi told analysts that the company has submitted claims for an additional $39.6 million of the tax credits, and is awaiting further approvals from the Canada Revenue Agency.As for a new tax credit from the federal government, which will cover 25 per cent of salaries and wages for eligible newsroom employees of qualified news organizations, DeMarchi said Torstar is still assessing the potential benefit."However, it's too early at this stage to say with any certainty whether or not we will qualify and to what extent," DeMarchi said.On an adjusted basis, Torstar says it lost six cents per share in the first quarter of 2019 compared with an adjusted loss per share of 20 cents in the first quarter of last year.Analysts on average had expected a loss of 15 cents per share for the quarter, according to Thomson Reuters Eikon.———Torstar holds an investment in The Canadian Press as part of a joint agreement with subsidiaries of the Globe and Mail and Montreal's La Presse. Companies in this story: (TSX:TS.B)David Paddon, The Canadian Press

  • CNW Group2 months ago

    Torstar Corporation Reports First Quarter Results

    TORONTO , May 8, 2019 /CNW/ - Torstar Corporation (TSX:TS.B) today reported financial results for the first quarter ended March 31, 2019. Highlights for the first quarter: We continue to make progress ...

  • CNW Group3 months ago

    Torstar Corporation to Report 2019 First Quarter Results

    TORONTO , April 9, 2019 /CNW/ - Torstar Corporation plans to release its first quarter results at 6:30 a.m. on May 8, 2019 and has scheduled a conference call for May 8, 2019 at 8:15 a.m. The dial-in number ...

  • CNW Group6 months ago

    Torstar Corporation to Report 2018 Fourth Quarter Results

    TORONTO , Jan. 28, 2019 /CNW/ - Torstar Corporation plans to release its fourth quarter results at 6:30 a.m. on February 27, 2019 and has scheduled a conference call for February 27, 2019 at 8:15 a.m. ...

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    2 Stocks on the TSX Index That Are Yielding More Than 9%: 1 I’d Buy and 1 I’d Avoid

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  • Thomson Reuters StreetEvents8 months ago

    Edited Transcript of TS.B.TO earnings conference call or presentation 31-Oct-18 12:15pm GMT

    Q3 2018 Torstar Corp Earnings Call

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  • CNW Group9 months ago

    Torstar Corporation Reports Third Quarter Results

    TORONTO , Oct. 31, 2018 /CNW/ - Torstar Corporation (TSX:TS.B) today reported financial results for the third quarter ended September 30, 2018. Highlights for the third quarter: We continue to make progress ...

  • CNW Group10 months ago

    Torstar Corporation to Report 2018 Third Quarter Results

    TORONTO , Oct. 4, 2018 /CNW/ -  Torstar Corporation plans to release its third quarter results at 6:30 a.m. on October 31, 2018 and has scheduled a conference call for October 31, 2018 at 8:15 a.m. The ...

  • CNW Group10 months ago

    Torstar names Fredric Karen as SVP Editorial

    TORONTO, Oct. 4, 2018 /CNW/ - Torstar Corporation announced today that Fredric Karen, an internationally recognized news media leader, has been appointed Senior Vice-President, Editorial, effective January 2, 2019. Mr. Karen has enjoyed an outstanding career over the past 30 years as an editor, senior manager and newspaper publisher at multiple news organizations in Sweden. In recent years Mr. Karen has focused on quality journalism and digital transformations of traditional news providers, working with algorithms and advanced data analytics in newsrooms to create news products that address the needs of readers and meet the challenges of a rapidly changing business environment.

  • ACCESSWIRE10 months ago

    Today's Research Reports on Torstar, TVA Group, Yellow Pages and Stingray Digital Group

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  • Torstar to purchase iPolitics media outlet
    CNW Group10 months ago

    Torstar to purchase iPolitics media outlet

    TORONTO, Sept. 20, 2018 /CNW/ - Torstar Corporation announced today it has, through one of its subsidiaries, signed an agreement to purchase assets of iPolitics Inc., a leading Ottawa-based digital political news outlet. "We are pleased to announce a transaction to acquire iPolitics, which has a proven record of providing extensive online coverage of federal and provincial politics and government policies across Canada," said John Boynton, President and Chief Executive Officer of Torstar Corporation and Publisher of the Toronto Star.