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BRIEF-Torstar reports Q4 loss per share C$2.91

Published 2016-03-02, 06:43 a/m
© Reuters.  BRIEF-Torstar reports Q4 loss per share C$2.91
TSb
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March 2 (Reuters) - Torstar Corp TSb.TO :
* Reports fourth quarter results
* Q4 loss per share C$2.91
* Q4 earnings per share view C$0.02 -- Thomson Reuters I/B/E/S
* Q4 loss per share C$2.90 from continuing operations
* Q4 adjusted loss per share C$0.10
* Segmented revenue was $233.0 million in the fourth quarter of 2015, down
$11.9 million
* Says savings related to restructuring initiatives undertaken through the end
of 2015 are expected to be $22.5 million in 2016
* 2016 capital expenditures anticipated to be in order of $19 million including
accommodating outsourcing of printing of Toronto star
* Says has commenced exploration of the sale of the existing printing facility
and land in Vaughan
* 2015 restructuring initiatives expected to result in annualized net labour
savings of about $30 million, reduction of about 395 positions
* Says "newsprint pricing is currently expected to increase in 2016"

* Source text for Eikon ID:nMKWfg2Tga

* Further company coverage TSb.TO

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