reportonbusiness.com: Purchase this article

Posted AT 10:53 PM EDT on 20/10/06

Private feud, public company

By SINCLAIR STEWART , GRANT ROBERTSON and AND JACQUIE MCNISH

From Saturday's Globe and Mail

Sinclair Stewart:
E-mail
| Read Bio
| Latest Columns

The mood was understandably sombre when a group of Torstar Corp. directors gathered in August for a board meeting at the publisher's Toronto headquarters. Torstar's stock had tumbled 20 per cent in the past year, a combination of weak performance from the company's Harlequin Enterprises book publishing unit and the continued deterioration of the North American newspaper industry, which is in the grip of a punishing decline in readership and advertising sales.

The full text of this article has 2040 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-535.02	9,065.16
DJIA	-128.00	8,451.19
S&P 500	-10.70	899.22
Nasdaq	+4.39	1,649.51

Stock Profile	Sponsored by:
Profile Quote Lookup

The close: Stocks gone wild!

Dow, S&P 500 down 18.2 per cent on the week

Globe video: Will we miss the Monday blues?

Most Popular

Rank	Headline
1.	The Depression's history lessons 10/10/08 9:41 PM 44
2.	U.S. ups ante with plan to buy stake in ailing banks 10/10/08 9:34 PM 117
3.	GM, Chrysler exploring merger: reports 8:33 AM 51
4.	Experts' guidelines to surviving the freefall 10/10/08 6:04 PM 3
5.	Banks cut rates after Ottawa steps in 10/10/08 7:47 PM 176
6.	Co-operation among G7 unprecedented 10/10/08 9:49 PM
7.	Bonds still havens to ride out the storm 10/10/08 9:41 PM
8.	Loonie tumbles below 83 cents 10/10/08 5:06 PM 183
9.	Credit costs put EnCana breakup in doubt 10/10/08 10:09 PM
10.	Near retirement, dealing with debt is priority 6:00 AM 1

Rank	Headline
1.	The Depression's history lessons 10/10/08 9:41 PM 45
2.	Tories' lead picking up steam 10/10/08 9:00 PM 411
3.	The battle for Parkdale-High Park 10/10/08 8:01 PM 29
4.	U.S. ups ante with plan to buy stake in ailing banks 10/10/08 9:34 PM 117
5.	Reflections on the Big Owe of '08 12:15 AM 20
6.	GM, Chrysler exploring merger: reports 8:33 AM 51
7.	Capitalism takes a lot of killing 12:00 AM 24
8.	Palin abused her office, panel rules 10/10/08 10:36 PM 52
9.	Experts' guidelines to surviving the freefall 10/10/08 6:04 PM 3
10.	Chrétien rocks Liberal rally 10/10/08 9:38 PM 123

Rank	Headline
1.	The Depression's history lessons 10/10/08 9:41 PM 43
2.	Experts' guidelines to surviving the freefall 10/10/08 6:04 PM 3
3.	Work your core - whatever that means 10/10/08 9:09 AM 9
4.	Who owns CMHC and can it go under? 09/10/08 7:39 AM 120
5.	Reflections on the Big Owe of '08 12:15 AM 20
6.	Oil money: What do Canadians have to show for it? 12:05 AM 14
7.	The battle for Parkdale-High Park 10/10/08 8:01 PM 29
8.	Credit costs put EnCana breakup in doubt 10/10/08 10:09 PM
9.	How crisis could have been averted 09/10/08 5:34 PM 14
10.	Harper is growing into the job 09/10/08 9:00 PM 1093

Rank	Headline
291	'Costs were not unknown': Harper 291
281	Canada's surprising job growth gives a hint of resilience 281
234	Liberals will go ahead with Green Shift 234
205	Chrétien to boost Dion at rally Friday 205

More popular news items

Executive Decision


André Mika: Hockey Night in Cyberland: Strategy: To drive NHL revenue growth through subscriptions that allow fans to watch games over the Internet

Five Things


The good news you missed: Scotia raises $950-million, manufacturers get a lower loonie

Incubator Podcast


Retailing in tough times: Wendy Evans on what store owners should expect this holiday season

Earlier Discussion


Do regulations help or hinder entrepreneurs?: Do the regulations that government places on small businesses make it more difficult for them to grow and be competitive?