May 6 (Reuters) - Torstar Corp TSb.TO :
* ORATION REPORTS FIRST QUARTER 2020 RESULTS
* Q1 LOSS PER SHARE C$0.29
* Q1 REVENUE FELL 20 PERCENT TO C$92.5 MILLION
* Q1 ADJUSTED LOSS PER SHARE C$0.13
* HAS NO BANK INDEBTEDNESS
* TORSTAR- AD REVENUE IMPACT ASSOCIATED WITH COVID-19 WILL PERSIST SO LONG AS CURRENT GOVERNMENT IMPOSED BUSINESS, SOCIAL DISTANCING RESTRICTIONS REMAIN IN PLACE
* TORSTAR- ANTICIPATE MODEST DECLINES IN PRINT SUBSCRIPTION WILL CONTINUE & WILL BE PARTIALLY OFFSET BY GROWING DIGITAL-ONLY SUBSCRIPTION REVENUE IN 2020
* TORSTAR- REDUCED PLANNED CAPITAL SPENDING FOR 2020 BY ABOUT $7.5 MILLION, DOWN TO ABOUT $6 MILLION FOR FULL YEAR