Profits dive at Canada's major newspaper publisher

Profits at Canada's largest newspaper publisher , Torstar Corp<</b>, fell by 67% in the third quarter. The company, which blames foreign exchange losses and restructuring charges, recorded a profit of $7.7m (£3.6m) in the three months up to September 30 compared to $23.7m (£11m) in the same period last year. Losses at Torstar's flagship Toronto Star newspaper increased slightly though other newspaper divisions fared a little better. (Via CBC)