Torstar Corporation is a broadly-based media company listed on the Toronto Stock Exchange (TSX: TS.B). premier quits secretly formed Churchill Falls committee, 5-year-old girl seriously injured in 2-vehicle collision in Kitsilano, Ford government considers increasing powers for Toronto, Ottawa mayors, Ukraine graft concerns resurface as Russia war goes on, Body of Markham woman who fell off water tube recovered from Lake Simcoe, Endangered antelope calf born at Illinois zoo, Ukraine war: The latest developments you need to know, White House insiders to talk about Trump's actions on Jan. 6, If we want better municipal politicians, we should pay better wages, Defence suggests complainant in Jake Virtanen sex assault trial was interested in his money. When typing in this field, a list of search results will appear and be automatically updated as you type. The species is critically endangered. A personal friend of Premier Andrew Furey has quit as head of a secretly formed committee tasked with analyzing the Churchill River's potential for hydro energy.

Our form of government is not inevitable," Pottinger recalled thinking during an interview two years ago with the Ronald Reagan Presidential Foundation and Institute. His company owned shares in Torstar prior to it being taken out by NordStar, and the main reason it owned the shares in the first place was because of the company's assets outside the core newspaper business. The transaction was unanimously recommended by a special committee of Torstar's Board of Directors (the "Board") andapproved by the Board, has received the support of a significant majority of the Class A shareholding members of the Voting Trust and is supported by Torstar's largest independent shareholder, Fairfax Financial Holdings Limited ("Fairfax Financial"). A special committee of independent directors of the Board was formed following an approach by representatives of NordStar in February 2020 in order to provide the Board with its advice and recommendations with respect to the proposal from NordStar, and to supervise the negotiation of the terms and conditions of the transaction.

View on euronews, WASHINGTON (AP) Matthew Pottinger was a journalist in China, concerned about the country's drift toward authoritarianism, when he decided at age 31 to enlist in the U.S. Marines after the invasion of Iraq. The new owners of the Toronto Star have already more than recouped their investment in the newspaper chain, after the initial public offering of one of Torstar's digital publishing subsidiariesvalues the company at almost $400 million. Marckenz Group Capital Partners and Blair Franklin Capital Partners Inc. are acting as financial advisors to Torstar. Torstar says Pary Bell, senior vice-president of commercial products and sales operations, is the new president of Eyereturn Marketing, a provider of digital marketing solutions. "Completing this IPO is an exciting milestone for VerticalScope," said CEO Rob Laidlaw, who founded the company more than two decades ago. And it seems Torstar's new owners are more than happy to show off their new sweetheart to the world andsqueezerevenue streams out of it.

NordStar has advised that former Ontario premier David Peterson has agreed to be appointed as Vice Chair of the Toronto Star following completion of the transaction. His company owned shares in Torstar prior to it being taken out by NordStar, and the main reason itowned the shares in the first place was because of the company's assets outside the core newspaper business. They no doubt have another venture capital-inspired scheme to streamline, optimize and gobbledygook their flim flam but those havent worked out well for media outlets in the past. Support this experiment in crowdfunded news by becoming a member today. Thanks for your concern. All such statements are made pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. Torstar's news releases are available on the Internet at www.torstar.com. There are also risks that are inherent in the nature of the transaction, including failure to satisfy the conditions to the completion of the transaction and failure to obtain any required regulatory and other approvals (or to do so in a timely manner). ", NordStar, he said, "got a sweetheart deal.". John Honderich, the chair of TorStars board, wrote in an editorial that the new owners had committed to build on Torstars storied legacy and also to adhere to the Atkinson Principles, which have been a cornerstone of the flagship Toronto Star. Honderich added that the new owners bring both resources and determination, and noted that Bitove once worked as a paperboy delivering the Star. When the 16-year-old student from Nipissing First Nation fell behind on some of her classes, she was encouraged to attend summer school to make up the difference.

", "Both Ian Oliver and Pary Bell have chosen to branch out as owners and operators," said Rivett.

The 8,264,022 Class A shares and 41,272,161 Class B non-voting shares subject to such voting support agreements represent approximately 84.3% and 57.6% of the Class A shares and Class B non-voting shares, respectively, and an aggregate of approximately 60.8% of the total number of issued and outstanding Class A shares and Class B non-voting shares. "There was a higher bid they chose not to pursue," he said.

Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of the transaction. "Clearly Torstar was," he said. This report by The Canadian Press was first published April 27, 2021. People in Orillia with invisible disabilities are suffering in silence, Employment is only one piece of lifes complex puzzle, How the key to a happier life could be as easy as getting your hands dirty, We Hire Students - Mr.Sub 425 West Street North (Fittons Plaza). Torstar was the target of a bidding war last summer that NordStar won, despite not having the best offer on the table, Klymochko said. The Chalk Mountain Fire about 50 miles (80 kilometers) southwest of Fort Worth was the largest active Texas wildfire as of Tuesday afternoon after blackening 6,000 acres (2,400 hectares), an increase from 4,000 acres (1,600 hectares) Tuesday morning, the Texas A&M Forest Service said. Biden is reporting a runny nose, fatigue and an occasional dry cough, according to a memo from Dr. Kevin OConnor, the presidents doctor. EXPLAINER: What's known about Biden catching COVID-19? Completion of the transaction is subject to other customary conditions, including receipt of court approval and compliance with the Competition Act (Canada). "With the proceeds raised, we are in a strong position to accelerate our accretive acquisitions while continuing to invest in our software platform. NordStar has agreed to pay Torstar a fee of $3.5 million if NordStar willfully breaches the arrangement agreement, or if after all other conditions to the closing of the transaction have been satisfied or waived, NordStar does not pay the aggregate purchase price of the transaction. Across the entire chain of websites, they engage with a combined 100 million users every month. What about cracking down on tax havens? Under the terms of the transaction, NordStar, controlled by Jordan Bitove and Paul Rivett and wholly-owned by the Bitove and Rivett families, will acquire all of the issued and outstanding Class A shares and Class B non-voting shares of Torstar for $0.63 in cash per share, representing a 66.67% premium to the 20-day volume-weighted average trading price of the Class B non-voting shares on the Toronto Stock Exchange as at May 25, 2020. Secured approval from Torstar's Board of Directors and the support of a significant majority ofTorstar's Voting Trust and Fairfax Financial, Torstar's largest independent shareholder. When search suggestions are available use up and down arrows to review and enter to select. News bulletin 2022/07/20 19:13View on euronews, Faith Robinson never really enjoyed high school.

Certain statements in this press release and in Torstar's oral and written public communications may constitute forward-looking statements that reflect management's expectations regarding Torstar's future growth, financial performance and business prospects and opportunities, including in respect of the proposed transaction, as of the date of this press release. In January, Torstarpartnered with retailer Golf Town to purchase the SCOREGolf brand, and in March, itbought the rights to Cineplex Magazine, which movie-goers thumb through while waiting for their movie to start. John Leroux, the gallery's ma, MONTREAL Quebec's Court of Appeal ruled Wednesday it cannot publicly disclose any details about a secret trial involving a police informant that came to light earlier this year. The new owners of the Toronto Star have already more than recouped their investment in the newspaper chain, after the initial public offering of a digital publishing subsidiary values the company at almost $400 million. Those figures are up from 985 and 118 at the same time last week. Metroland Parcel Services was launched in November to provide final-mile delivery of parcels for major retail clients in Ontario.

Police said they were called to Holmes Point Park, which is in the area of Holmes Point Road and Donna Drive, on Wednesday at about 2:50 p.m. for a report of a possible drowning. Norton Rose Fulbright Canada LLP is legal counsel to NordStar. RBC Capital Markets is acting as financial advisor to NordStar. Having received and considered the recommendation of the special committee, the Board determined that the transaction is in the best interest of the company and recommends that Torstar shareholders vote in favour of the transaction at the Special Meeting. The Beaverbrook Art Gallery is highlighting the work of artists connected to the province's premier fine arts program. For further information: For Investor Relations inquiries, please contact: L. DeMarchi, Executive Vice-President and Chief Financial Officer, Torstar Corporation, (416) 814-2774; [emailprotected]; For Media inquiries, please contact: Bob Hepburn, Director, Communications, Torstar Corporation, (416) 869-4947; [emailprotected]. Julian Klymochko, CEO of Calgary-based alternative ETFseller Accelerate Financial Technologies Inc. saidhe is not surprised to see Torstar's new owners selling off valuable assets. But perhaps the most consternation on social media was generated by the political profile of the new owners.

"We are excited to have John Boynton join us at NordStar," said Bitove. But its a form of government very much worth fighting for. Pottinger had no wa. (July 20), Russia wants to expand its captured territory beyond Donbas region, Ukraine's FIrst Lady in Washington, and EU gives Ukraine more time to pay debts. The amount of the termination fee payable by NordStar in such circumstances has been deposited with a third-party escrow agent.

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NordStar was supported by PointNorth Capital. Better media is out there, but we have to fund it. The future of media in this country is in non-profit, public interest journalism backed by the members of the community it serves, not corporate chains owned by U.S. hedge funds and storied outlets sold to rich dilettantes who decided to buy a new toy.

Torstar's new owners are selling off parts of the company for more than they paid for the whole thing | CBC News Loaded. A Cisioncompany. In addition, forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. That same month, Torstar garnered headlines for its most eye-opening plan yet: a proposal to launch a casino. Its businesses include the Toronto Star, Canada's largest daily newspaper, six regional daily newspapers in Ontario including The Hamilton Spectator, and more than 70 weekly community newspapers in Ontario; flyer distribution services: and digital properties including thestar.com (with local editions in Toronto, Vancouver, Calgary, Edmonton, Winnipeg, Ottawa and Halifax), wheels.ca, toronto.com, save.ca, a number of regional online sites and eyeReturn Marketing. Investment company NordStarCapital bought out Torstar last year for $60 million, but in addition to the iconic newspaper the company is named after, NordStar also got a slew of other under-the-radar assets. Whether this is an investment vehicle or a vanity project, super-rich owners with longstanding ties to the Conservative Party wouldnt seem to augur well for the Stars ability to maintain one of the only centre-left editorial positions among Canadas major newspapers. Many of them will be honoured at the Canadian Association of Journalists' annual awards this weekend. The company maintains digital communities for fans of everything from cars and photography to parenting and outdoor activities such as archery, fishing and sailing. The arrangement agreement includes customary provisions relating to non-solicitation, subject to customary "fiduciary out" provisions that entitle Torstar to terminate the arrangement agreement and accept a superior proposal if NordStar does not match the superior proposal.

"Since its inception as the Evening Star, the Star has been the voice of this city. The company had more than $60 million in revenue in its last fiscal year, according to regulatory filings. As Canada's largest daily newspaper, it has fulfilled a vital civic role as an outlet for expert opinion and what's trusted as true," said Paul Rivett. Additional information regarding the transaction will also be provided in the information circular for the Special Meeting. The university in Sackville has had some form of fine arts program since 1854. "While we have loved the company and are immensely proud of it, the time has come to pass the torch," said John Honderich, chair of the Board of Torstar. That same month, Torstar garnered headlines for its most eye-opening plan yet: a proposal to launch a casino. Although VerticalScope's ownership structurehas changed various timesover its more than 20 years in existence, it has been controlled by Torstar since 2015, when the newspaper chain paid $200 million for majority control of the business.But VerticalScope closed its initial public offering on the TSX on Monday, raising $125 million by selling almost six million shares to the public at $22 apiece. But if I was a betting man, I dont think Id take that action. With this transaction we can ensure a future for world-class journalists and world-class journalism befitting the Star's storied history," said Jordan Bitove. ': Minister Guilbeault interrupted during press conference in Montreal, Friend of N.L. Torstar shareholders give OK to $60M takeover despite other offer worth more on paper, Torstar shares halted on TSX after getting rival takeover offer for newspaper company, Torstar agrees to $52M sale to NordStar Capital. "The board sold the company for less than the assets were worth but for even less than the cash flow was at one point. Interior on the verge of collapsing into the Nicola River, Too hot to handle: How to survive amid extreme heat and humidity. The in, A five-year-old girl is in hospital with critical injuries after she was struck by two cars that collided in the intersection of Cornwall Avenue and Arbutus Street in Vancouver's Kitsilano neighbourhood on Wednesday morning. Will the Star be as forceful in its reporting on this subject? He has also donated large amounts to the Ontario PC Party and several of its leadership candidates in the past, including Doug Ford. As an expert in how extreme temperatures affect human bodies, Giesbrecht is the first to admit he should have seen the warning signs. Torstar holds an investment in The Canadian Press as part of a joint agreement with subsidiaries of the Globe and Mail and Montreal's La Presse. Torstar expects to mail an information circular in June 2020 for a special meeting of the Class A and ClassB shareholders, expected to be held in mid-July 2020 to approve the transaction (the "Special Meeting"). If youre mad about the Star being sold off to a couple of finance bros who stan for Mad Max, dont just stew in it. One of them is a digital publishing company called VerticalScope. Assuming the timely receipt of all required approvals, the transaction is expected to close in the third quarter of 2020. Torstar says its chief investment officer, Lorenzo DeMarchi, takes over as CEO on an interim basis. Ontario Premier Doug Ford is considering new legislation that would give Toronto Mayor John Tory and his Ottawa counterpart new powers and a potential veto over city council, Global News has learned. * By continuing, you agree to be subscribed to our weekly newsletter. Beaverbrook Art Gallery celebrates Mount Allison and its artists, Quebec Court of Appeal says details of secret trial must remain hidden from public, Ontario reports 62 new COVID-19 deaths this week, opens vaccines to kids under 5, North Texas wildfire continues to grow amid high heat. We are committed to investing in the news business, along with preserving the Atkinson Principles, as fairness and accuracy will continue to guide the papers' prevailing value system. These statements reflect current expectations of management regarding future events and operating performance, and speak only as of the date of this press release. "Jordan and I are very excited to become involved with the business that Joe Atkinson built and we are very fortunate to have the Honourable David Peterson, former Premier of Ontario, as our Vice Chair of the Toronto Star.". It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. We caution readers not to place undue reliance on the forward-looking statements in this press release as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, outlooks, expectations, goals, estimates or intentions expressed in the forward-looking statements. The publisher of the Toronto Star as well as other daily and community newspapers says Boynton, president and CEO of Torstar since 2017, will work with NordStar co-owners Jordan Bitove and Paul Rivett on a number of digital growth initiatives. In January, Torstar partnered with retailer Golf Town to purchase the SCOREGolf brand, and in March, it bought the rights to Cineplex Magazine, which movie-goers thumb through while waiting for their movie to start. "We encourage their entrepreneurism and look forward to the creation of additional businesses.". In November, the company launched a parcel delivery service and then sold a digital marketing service to grocery chain Loblaw Companies Ltd. the same month. Julian Klymochko, CEO of Calgary-based alternative ETF seller Accelerate Financial Technologies Inc. said he is not surprised to see Torstar's new owners selling off valuable assets. WASHINGTON (AP) Ukrainian President Volodymyr Zelenskyys dismissal of senior officials is casting an inconvenient light on an issue that the Biden administration has largely ignored since the outbreak of war with Russia: Ukraines history of rampant corruption and shaky governance.