RE:Compare Torstar to Tribune Publishing ( Chicago head office
Its trading where it is because the market has no faith in this company being able to do anything other than keep blowing cash out the window. They lost what - 108 million last quarter. The share structure means that those owning the voting shares get to continue doing what they want while the p-ons owning the other shares can not do much about it. When they sold harlequin, they sold the crown jewels (Harlequin actualy developed content that they could sell - curently out of favor but what goes out of favor eventually comes back into favor). They have some cash so the dividend should be OK for a while but as far as anything they have tried its been a bust. Print advertizing - down 20%, MVTV - Bust, Wagjag - sinking, shop.ca growing due to early days but not much promise IMO. This is a no inovation company run by dinasours - every thing they have tried has been something others have tried long ago so they are way behind. A major shake up is required for this company to succeed other wise the bleeding will continue. Enjoy the dividend but do look for an exit before they turn into yellow pages.ca - if you get the drift.JMO