Musings —04.22.2010 07:00 AM—
The publisher of the Toronto Star and 97 other Ontario papers is backed by the deep pockets of Fairfax Financial Holdings Ltd., which owns 19 per cent of Torstar.
Torstar would come aboard as the operator of the CanWest papers, but would limit its exposure by contributing a relatively small amount of its own money, while relying on the financial muscle of Fairfax, the insurance company headed by Prem Watsa.
Among the CanWest assets, Torstar is believed to covet the Financial Post to bolster its flagship paper, the Star.”
What’s it mean, if true?
It means the Post is well and truly screwed. The Star would gut the “National” Post for the only part of the paper that is still read, the FP, and likely discard the rest.