RE:RE:RE:RE:What it will take to drive a sustainable value increase Hi Teddy,
Agree that it is unlikely Fairfax will assume a hostile stance with the Voting Trust, regardless of how frustrated they get with the Keystone Kops.
Unfortunately all paths lead back to Honderich and any other chairman who has presided over this level of value destruction would have respectfully retired, but Honderich continues to operate as if it is business as usual. Perhaps he takes considerable solace in the misfortunes at PostMedia under the equally incompetent leadership of Paul Godfrey. Godfrey is the consumate flim flam artist. Honderich is simply an incompetent meddler who lacks any semblance of business acumen.
These are the "business giants" that Prem Watsa is reduced to dealing with and it is a testament to his patience he hasn't simply flushed his entire investment in Torstar.
I predict something may happen if Boynton rolls out a "Back to the Future" strategy and the Voting Trust realizes they may very well end up with nothing. If Boynton proposes to establish paywalls for all of Torstar's banal websites and suggests it is modelled after The New York Times the Voting Trust should light their tiki torches and burn the place to the ground.
You can be sure the new executives will speak with great intellectual certainty about the significant revenues that will flow to Torstar and how it will be different this time. With Star Touch fresh in their memories and the tens of millions wasted on that boondogle it should get the reception it richly deserves. No level of accounting chicanery with moving revenues between print and digital can cover up the race to the bottom with this game. We have to hope the Voting Trust snaps out of its coma and saves the last bit of their fortunes for the next generation to squander.