The quarter included $31 million in unusual non-cash amortization charges associated with the company’s investment in VerticalScope and the outsourcing of printing of the Toronto Star to Transcontinental Printing. Torstar Corp., the Toronto Star’s parent company, reported an adjusted loss of 13 cents per share in second-quarter earnings on Wednesday. The sales process for the building and land at the now-closed Star printing presses in Vaughan is ongoing and the company said it is pleased with the level of interest so far. Segmented revenue in the second quarter was $196.5 million, down nine per cent or $20.4 million from the second quarter of 2015. That was down from an adjusted profit of 14 cents per share in the same quarter of 2015.

Source: thestar July 27, 2016 11:15 UTC