Company Profile For Torstar Corporation

Torstar Corporation is a Canada-based media company. It operates through two segments: Newspapers and Digital, and Book Publishing. The Newspapers and Digital segment includes the Star Media Group led by the Toronto Star, a daily newspaper with digital properties, including thestar.com, toronto.com, Wheels.ca, Workopolis, Olive Media, and eyeReturn Marketing, and Metroland Media Group, publishers of community and daily newspapers in Ontario. Its Book Publishing Segment represents Harlequin Enterprises Limited, a global publisher of books for women. The Company also has investments in CTVglobemedia Inc. (CTVgm) and Black Press Limited. CTVgm is a Canadian multi-media company with ownership interests in CTV, a Canada-based broadcaster, and the national daily newspaper, The Globe and Mail. Black Press Ltd. publishes more than 150 newspapers (weeklies, dailies and shoppers) in Canada and the United States.

BRIEF: For the six months ended 30 June 2009, Torstar Corporation's revenues decreased 5% to C$712.7M. Net loss from continuing ops. totaled C$25.7M vs. a gain of C$36.4M. Revenues reflect a decrease in income from Newspapers & Digital segment. Net loss also reflects a decrease in operating profit margin, an increase in restructuring & other charges and the presence of loss from associated businesses vs. a income.