May 4 (Reuters) - Torstar Corp TSb.TO
* Torstar Corporation reports first quarter results
* Q1 loss per share c$0.66 from continuing operations
* Q1 adjusted loss per share c$0.40
* Says segmented revenue was $174.8 million in Q1 of 2016,
down $17.5 million
* Challenges experienced by Metroland Media Group and Star
Media Group expected to continue in balance of year
* Early indications at Metroland Media Group are that rate
of print advertising revenue decline in April has moderated
relative to Q1
* Subscriber revenues declined moderately in Q1 of 2016 and
this trend is expected to continue in balance of year
* Newsprint pricing has increased in 2016
* Have initiated sale process of printing facility and land
in vaughan and have been "pleased with level of interest"
* Q1 revenue view c$170.0 million -- Thomson Reuters I/B/E/S
* Net savings related to restructuring initiatives
undertaken through end of q1 of 2016 are expected to be $20.7
million in balance of 2016
* Torstar Corp sees flyer distribution revenues will
experience moderate declines in balance of 2016
* Paywall at Toronto Star was eliminated effective April 1,
2015
* Q1 earnings per share view c$-0.21 -- Thomson Reuters
I/B/E/S
Source text for Eikon: ID:nCCN78wk21
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