socialmedian: Torstar cutting 160, including Internet jobs

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Torstar cutting 160, including Internet jobs

Source: Technorati Search for: newspaper circulation

Apr 18, 2008

Summary

Torstar cutting 160, including Internet jobs Torstar Corp. (TSX:TS.B) is cutting 160 jobs, including the entire Internet production staff at its flagship Toronto Star daily, in a restructuring prompted by continuing weakness in the newspaper industry. The parent company of the Toronto Star, Canada's largest-circulation newspaper, said Thursday the restructuring involves "a combination of voluntary and involuntary staff reductions." The company will take a $21-million charge as part of the

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