Company Overview of Toronto Star Newspapers Ltd.
Toronto Star Newspapers Ltd. engages in publishing a daily newspaper in the Greater Toronto area. It also provides news online; and online advertising. The company was founded in 1892 and is based in Toronto, Canada. Toronto Star Newspapers Ltd. operates as a subsidiary of Torstar Corporation.
1 Yonge Street
Toronto, ON M5E 1E6
Founded in 1892
Key Executives for Toronto Star Newspapers Ltd.
Chief Human Resources Officer and Vice President
Chief Operating Officer - Print
Compensation as of Fiscal Year 2016.
Toronto Star Newspapers Ltd. Key Developments
Toronto Star Newspapers to Lay Off 285 Workers
Jan 15 16
The Toronto Star newspaper has hired an outside printer and plans to shutter its press and lay off 285 workers. The company announced that moving to an off-site printer will allow it to save CAD 10 million (USD 6.88 million) each year. The agreement between the two companies is for five years, with the possibility to extend the deal. No date has been set for the layoffs. The company that said it would develop a transition plan with its employee union.
Toronto Star and La Presse to Consolidate and Reposition Digital Advertising Businesses; to Cease Operations of Olive Media
Sep 21 15
The Toronto Star and La Presse reported they will assume responsibility for all digital advertising sales of thestar.com and lapresse.ca respectively, effective January 1, 2016. The move will allow both the Toronto Star and La Presse to consolidate and reposition their digital advertising businesses, allowing them to better serve advertisers by providing enhanced opportunities to cross-sell and bundle their media properties. As a result, Square Victoria Digital Properties (La Presse) and Star Media Group (Toronto Star) will cease operations of Olive Media, their joint venture. The decision means Olive Media, which has operated as a partnership since January, 2007, will cease to operate as a stand-alone organization starting January 1, 2016. La Presse and Star Metro Media, a division of Star Media Group that handles advertising sales for the Toronto Star will be absorbing some of the operational staff and technology in Montreal and Toronto in order to continue providing the level of service that advertisers have come to expect when advertising on lapresse.ca and thestar.com. Olive Media's remaining partners and products will be transitioned to those partners' in-house sales teams. The change will affect about 70 employees in Toronto and 12 employees in Montreal. Some Toronto employees will be absorbed by Star Metro Media and the entire Montreal staff will be absorbed by La Presse.
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