While Torstar’s newspaper business suffers heavily from the advertising slump, sales at the company’s Torstar unit have remained strong, boosted further by the weak Canadian dollar. “Harlequin’s revenues, to date, have not been significantly affected by the global, and in particular, the US economic situation,” the company said. First quarter sales of $124.5 million (CA) were up $14.8 million from a year ago, or 13.5 percent, though $11.5 million of the increase was due to foreign exchange. EBITDA of $21.8 million was up almost 18 percent, from $18.5 million a year ago. The unit took a $1.4 million charge related […]
