Harlequin‘s former parent company Torstar announced third quarter results on Wednesday morning, and as previously indicated, Torstar booked a gain of approximately $225 million (CA) on the $455 million sale of Harlequin to HarperCollins, which closed on August 1. President and ceo David Holland said in a statement the company was “pleased to complete the sale of Harlequin in the third quarter and all outstanding debt was retired using a portion of the sale proceeds.” Reporting Harlequin’s results as revenue from discontinued operations, sales for the quarter up until the sale (for the month of July) were $30.2 million. Canada’s dominant bookseller […]
