Digital tax credit helps Torstar in Q4

John Boynton, Torstar’s president and CEO, recently told listeners on a conference call that the corporation’s final quarter of 2017 left the company “well-positioned to execute and invest in future growth plans.”

Operating revenue for the quarter came in at $189.5 million, down 9.2% year-over-year. Net income from continuing operations was $7.8 million, up from $0.7 million. This improvement was mostly credited to reductions in costs and a $13.4 million digital media tax credit.

You can read the entire piece in Media In Canada, here.