Torstar bid shakes up industry

Article Abstract:

Torstar Corp.'s offer to acquire Sun Media Corp. heightens the continuing consolidation of newspaper ownership in the Canadian market and at the same time raises competition concerns in Toronto, Ontario, where the two firms compete head to head. Torstar is the publisher of The Toronto Star, the newspaper in Canada with the biggest circulation, while Sun Media publishes The Toronto Sun, the main rival of Toronto Star. The two newspapers are the only daily publications with focus on Ontario. The deal is now being put into consideration by the federal Bureau of Competition to evaluate the effect of the proposed merger to the editorial and advertising markets in the Greater Toronto area and southwestern Ontario.

Comment:

Its offer to buy Sun Media heightens continuing consolidation of newspaper ownership in Canada

Asset sales & divestitures, Acquisitions & mergers, SunMedia Corp.

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Torstar to boost colour capacity

Article Abstract:

Torstar Corp. has allotted C$60 million for plans to increase colour capacity in The Toronto Star, Canada's largest circulated newspaper, starting 1999. The move is Torstar's response to its advertisers' demand for more colour especially during its peak season in fall 1997 as well as to warrant Toronto Star's competitive edged in the Toronto, Canada, market. Reportedly, demand for colour ad lineage has risen from 14% in 1995 to 24% of the total lineage in 1997. Company vice president of finance Bob Steacy further reports that the expansion will boost the paper's colour capacity from 28 pages to 48 pages daily.

Comment:

Allots C$60 million for plans to increase colour capacity in The Toronto Star, a newspaper, starting 1999

Capital expenditures

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Programs boost nelvana profit

Article Abstract:

Toronto-based television production company Nelvana Ltd. has posted a profit of C$8.6 milliom or C$1.21 a share in 1998, up by 75% from C$4.9 million or 86 cents a share in 1997. The company attributed the improvement in profit to its slate of successful programs, and the strategic shift from third-party production of animated programs to production of its own programming. Nelvana delivered 187 proprietary episodes of programming in 1998, up from 116 in 1997.

Sales, profits & dividends, Motion Picture and Video Production, Television Production, Nelvana Ltd.

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