Torstar Announces Receipt of Proceeds Related to The Globe and Mail
Torstar (TSX:TS.B) announced that it has received $40 million in connection with the previously announced acquisition by The Woodbridge Company Limited of a direct interest in The Globe and Mail. Following completion of the transaction, The Woodbridge Company Limited owns 85% of The Globe and Mail and BCE Inc. owns 15%. The transaction was completed on December 31, 2010.