TORONTO, March 12, 2018 /CNW/ - Torstar Corporation said today officials from the Competition Bureau conducted searches of its corporate offices as part of its ongoing review of Torstar's transaction with Postmedia Network Inc. completed on November 27, 2017, involving the purchase and sale of a number of daily and community newspapers.
Torstar does not believe it has contravened the Competition Act and is cooperating fully with the Competition Bureau in connection with its review.
About Torstar Corporation
Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange (TS.B). Its businesses include the Toronto Star, Canada's largest daily newspaper, six regional daily newspapers in Ontario including The Hamilton Spectator; English language Metro newspapers in several Canadian cities; more than 80 weekly community newspapers in Ontario; flyer distribution operations; and digital properties including thestar.com, wheels.ca, save.ca, toronto.com, a number of regional online sites, eyeReturn Marketing Inc. and an interest in Workopolis Inc. Torstar also holds a majority interest in VerticalScope, a North American vertically-focused digital media company.
SOURCE Torstar Corporation
For further information: Media Inquiries: Bob Hepburn, Director, Communications, (416) 869-4947, [email protected]