RE:RE:Another shoe dropping....None of these properties including Metro would be of interest to Torstar because you rightly point out the lack of synergies and the geography. Transcon announced it in this manner because they had shopped the bundle around to all of the usual suspects and no one was either interested or willing to pay whatever price they wanted.
The implication for Torstar and by extension the Voting Trust is a major player is abandoning the newspaper industry because they see the future and they are protecting their shareholder interests. How does the chair of the Voting Trust spin this to those who wanted to cash out with the Fairfax offer?
The Marcoux family is voting with their feet. They didn't disclose what they sold the Atlantic newspapers for because they wanted to protect the value of the properties they hadn't yet unloaded.
This will ratchet up the pressures on both Postmedia and Torstar which is good for Torstar shareholders.