Business News

Torstar Announces Completion of Sale of Its Interest in CTV Inc. (Formerly CTVglobemedia Inc.)

Monday 04. April 2011 - Torstar Corporation (TSX:TS.B) announced that it has completed the sale of its 20% interest in CTV Inc. (formerly CTVglobemedia Inc.) to BCE Inc. for proceeds of $291.6 million, after adjustments.

This amount is in addition to the $40 million received December 31, 2010 in connection with the acquisition by The Woodbridge Company Limited of a direct interest in The Globe and Mail.