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Postmedia may be trying to pull another fast one in an attempt to stay afloat, but if Ottawa is smart it will put its foot down. The only problem is that our federal politicians have proved repeatedly that they are no match for the soulless US hedge funds and private equity players that now own most of Canada’s newspaper industry.
When former Torstar chair John Honderich died on Feb. 5, 2022, one of the things he left behind was a book he’d been working on for about 15 years about
Torstar to launch online casino to help fund its journalism
quote:
Torstar Corp., owner of the Toronto Star, the Hamilton Spectator and other papers, announced on Monday it plans to launch an online casino betting brand in Ontario this year. We are excited at the prospect of participating in a regulated online Ontario gaming market with a made-in-Ontario product, said Corey Goodman, Torstar s chief corporate development officer, in a news release.
After decades of being controlled by a trust owned by the families who founded the Toronto Star in 1892, Torstar was recently bought by an investment company called Nordstar, which promised to maintain the company s focus on producing world-class journalism befitting the Star s storied history.