Torstar makes money for fourth quarter in a row

I’ve always thought that the Toronto Star was the bellwether of Canadian newspapers, given its position as the number one newspaper in the largest and most competitive newspaper market in the country, Toronto. Four quarters is good, even though the ad revenue isn’t what it used to be, and likely never will be again with Craigslist et al eating into classified ads. A good chunk of Torstar’s profitability of a long overlooked newspaper market, its community weeklies, most of which operate as local monopolies.

Globe and Mail, July 29 2010