May 5, 2017

Toronto Star Reports Net Loss of $24.4 Million, Cost Cutting Continues

On Wednesday, Torstar, publisher of the Toronto Star, announced the newspaper’s first quarter 2017 financials for the period ended March 31, 2017, and it wasn’t pretty. The company reported a net loss of $24.4 million, or $0.30 per share, compared to a net loss of $53.5 million, or $0.66 per share, for the same period last year. Adjusted loss per share was $0.22, compared to $0.40 for the same period in 2016. Segmented revenue was $156.7 million, a decrease of $18.1 million, or 10 percent, over the first quarter of 2016.

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Five on Friday: Netflixs Low Churn, Organic Traffic & Best Practices

In this weeks Five on Friday, Vindicia shares how companies have revamped their past services through subscriptions, Forbes reveals four corporate communications best practices from GE, Kissmetrics explains how Netflix keeps its churn rate low by keeping its subscribers engaged and watching, MarketingProfs offers ways to increase traffic organically, and LinkedIn posts some great subscription jobs.

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