Thursday, July 30, 2015

Struggling Torstar wagers $200-million on a niche digital company

The Globe's James Bradshaw writes:
"Torstar Corp. is betting some of the money it reaped from bodice rippers on the growth potential of other obsessions, such as muscle cars and golden retrievers.
"The newspaper publisher announced on Wednesday it is spending $200-million for a 56-per-cent stake in VerticalScope Inc., a Toronto-based digital media company that operates hobbyist and niche-interest websites on subjects ranging from cars and sports to pets and collectibles."

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