Torstar quarterly revenue down 7 percent

Torstar is reporting a decline in quarterly revenue of seven percent for the period ending March 31, 2014. Reuters calls it a function of the “grim print advertising market”. Torstar’s most important asset, the The Toronto Star, has tried to make up for lost print advertising by charging users for access to the online version but this tactic is fraught with the potential for fewer so-called unique users online, the standard by which online advertisers are solicited. Operating revenue from Torstar’s media business fell to C$211.3 million from C$229.8 million, while total sales slipped 7 percent to C$292.4 million.  Harlequin sold