Torstar Corporation (TSX:TS.B) announced today that it has received the approval of its Class A shareholders to proceed with the sale of Harlequin Enterprises Limited to 0999531 B.C. Ltd. or another subsidiary of HarperCollins Publishers L.L.C.
The transaction remains subject to certain customary approvals and closing conditions, including certain regulatory approvals. The parties continue to work towards satisfying these conditions and obtaining the necessary approvals.
ABOUT TORSTAR CORPORATION
Torstar Corporation is a broadly based media and book publishing company listed on the Toronto Stock Exchange (TS.B). Its businesses include the Star Media Group led by the Toronto Star, Canada’s largest daily newspaper, Free Daily News Group Inc., which publishes the English-language Metro newspapers in several Canadian cities, Metroland Media Group, publisher of community and daily newspapers in Ontario; and also include digital properties including thestar.com, Workopolis, wagjag.com, toronto.com, save.ca, Olive Media, and eyeReturn Marketing; and Harlequin, a leading global publisher of books for women.