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Torstar profit falls on weak advertising

Reuters
8:14 AM, E.T. | August 1, 2012
Technology
Tags: Torstar
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Publisher Torstar Corp. (TS.B-T) reported a 68-percent fall in second-quarter profit citing a weak advertising environment.

Net income attributable to equity shareholders fell to $35.7 million, or 44 cents per share, in the April-June quarter, from $112.7 million, or $1.41 per share, a year earlier.

Operating revenue fell 2 percent to $383.9 million.

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