May 24 (Reuters) - Torstar Corp TSb.TO :
* TORSTAR ANNOUNCES CLOSURE OF HAMILTON PRINTING AND MAILROOM OPERATIONS AT 44 FRID STREET
* TORSTAR CORP - DECISION WILL AFFECT APPROXIMATELY 73 FULL-TIME AND 105 PART-TIME STAFF.
* TORSTAR CORP - MOVE IS EXPECTED TO RESULT IN SAVINGS OF APPROXIMATELY $4 MILLION TO $6 MILLION ANNUALLY ONCE FULLY IMPLEMENTED.
* TORSTAR CORP - EXPECTS TO RECORD A RESTRUCTURING CHARGE IN RANGE OF APPROXIMATELY $6 MILLION IN CONNECTION WITH CLOSURE.
* TORSTAR CORP - TORSTAR HAS ALSO EXTENDED ITS PRINTING ARRANGEMENTS WITH TC TRANSCONTINENTAL PRINTING TO 2024.
* TORSTAR CORP - WILL COMMENCE EXPLORATION OF SALE OF HAMILTON PROPERTY.