The new owners of the Toronto Star have already more than recouped their investment in the newspaper chain, after the initial public offering of one of Torstar’s digital publishing subsidiaries values the company at almost $400 million.
Investment company NordStar Capital bought out Torstar last year for $60 million, but in addition to the iconic newspaper the company is named after, NordStar also got a slew of other under-the-radar assets.
One of them is a digital publishing company called VerticalScope. Founded in 1999, VerticalScope operates more than 1,200 websites on a wide variety of topics. The company maintains digital communities for fans of everything from cars and
This story was originally published on CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/business/torstar-verticalscope-company-sale-1.6073484?cmp=rss.