The new CEO of Torstar said Wednesday "everything is on the table" in his plans to transform the media giant to overcome ongoing declines in print advertising revenue. "We won't be rounding at the edges," Boynton said in an interview after the company's annual general meeting. "We'll be making some fairly big decisions." His comments came as Torstar reported a $24.4 million loss for its first quarter, an improvement from last year when the comparable losses were more than twice as big. Torstar said it is aiming for $5.3 million in annualized savings from the 110 previously announced job cuts during the quarter.

Source: CBC News May 03, 2017 15:15 UTC