RE:Another shoe dropping....
Hi Mediawatcher,
because of the language barrier, I suppose Torstar is not interested in the whole package (Imo not enough synergies), which has an estimated revenue of 180-200 million and adj. Ebitda around 12-13 million in 2017 (sources from articles). But they could make bids for Metro Montreal (even if french) and the Seeway News in Cornwall, which is the only Ontario paper in the package.
Btw it is unusual to preannounce a sales process the way Transcontinental does. The demand can't be too high...probably selling in pieces.
Waiting for $5, too :-)