This copy is for your personal non-commercial use only. TORONTO - With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp. Shares of Torstar gained 50 per cent in value on Wednesday, the first day of trading since the agreement was announced. Bitove and Rivett are walking into a Canadian media industry that was rife with financial challenges years before the pandemic dealt another blow the star owner advertising revenues.
Now, with the economy faltering, some publishers have predicted much tougher times ahead unless the government steps in to offer read more financial assistance. Publishers that represent a majority of Canadian cleopatra casino signed an open letter to the federal government earlier this month calling for immediate action to make digital giants like Facebook and Google share their advertising revenues with Canadian media companies.
Their argument is the technology companies benefit from the resources of Canadian news outlets to drive traffic to their platforms, but offer little cleopatra casino support in return, apart casino bonus free deposit a series of grants to select outlets. Media executives have been in conversations with the federal government over emergency measures, and the participation of Bitove and Rivett could certainty help those talks.
Torstar has levelled significant layoffs on its staff, sold assets and closed newspapers in an effort to improve its balance sheet in recent quarters as a publicly traded company.
Paul and I really no deposit bonus online pokies delight in the fact that we can be the guys to really help deliver that message. Copyright owned or chip free list big by Toronto Star Newspapers Limited. All rights reserved. To order copies of Toronto Star articles, no deposit bonus online pokies go to: www. Skip to Main Content. Skip to Main Content menu Loading Report an error.
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