Shooting the Star
October 2nd, 2022
Just over two years ago, two businessmen with no experience in the newspaper business took over control of the Toronto Star. It was Canada’s biggest daily at the time, and its parent company Torstar was a distressed asset. They managed to buy it debt-free for the bargain-basement price of $60 million.
One of the new owners, Jordan Bitove, said at the time: “What this company really needs ...