RE:Tembec and the futureHi FLG,
Sorry to burst your bubble, but the Thomson family isn't going to buy or even contemplate a merger with Torstar. They sold their newspaper holdings decades ago and only own The Globe and Mail for sentimental reasons. They are far too parsimonious to invest in Torstar as they have seen the Voting Trust destroy more than a billion dollars in shareholder value by repeating the same stupid mistakes.
The Thomson family prudently invested in online legal and financial research with professional managers informing and guiding their decisions. Contrast this with the Voting Trust that has installed a series of incompetent and hopeless CEO's and CFO's to drive the company into the ditch.
Fairfax is the most likely candidate to consolidate media companies in Canada because they take a longer-term view and see the value in taking ineptly run businesses and introducing sound business practices. Torstar and Postmedia have some valuable local brands that can be resuscitated before the clowns running these businesses suffocate them with continued short-sighted stupidity.
The calculus the Voting Trust must be wrestling with is what to do with the business after Boynton proves to be another in a long list of failures. If they instal another unqualified idiot I think all bets are off. This would have the potential to drive the share value to zero or force Fairfax to apply to the courts to have the Voting Trust placed in an institution for the commercially insane....
Keep collecting your dividends and wait for the clown shoe to drop.