Internal Memo from Torstar executiveLooks like the presentation of the Transformation plan is not far away (perhaps with Q2 announcement on 08/02?):
https://www.j-source.ca/article/memo-report-torstar-executive-offsite
I hope Torstar not only thinks of the operational side of the business. For me, the most interesting part is the capital allocation of the company which includes the future of
- Verticalscope: Spin-Off, selling the stake or buying the remaining 44% down the road
- Minority investments: Hopefully most are sold e.g. Blue Ant -> concentration on core business
They have to do something to unlock the value of their investments and make it more transparent. Furthermore a stock buyback program would be more than accretive for shareholders at these prices (even if the volume is very low at the moment). A share repurchase shows to the financial community that the shareholders are also important to the management.