Torstar Announces That it possesses Acquired an Interest in Azure Ant Media

Torstar (TSX:TS.T) today announced that this has acquired an approximate 25% interest in Blue Ant Media Inc. Blue Ant Media is really a newly established separate media company brought about by media experienced person, Michael MacMillan. In addition to a handling interest in GlassBOX Television which often operates specialty stations Travel Escape, Mouthful TV and AUX Television, Blue Ant Advertising owns a few interest in Quarto Communications (Bachelor's pad Life, Outdoor Quebec, Explore and Canadian Home Workshop).

Pink Ant Media also announced today there are entered into an agreement to accumulate Canadian broadcaster High Constancy HDTV Inc. and its particular four premium harley-davidson channels - Oasis HD, eqhd, radX and HIFI. Your transaction is approaching CRTC approval. Blue Ould like Media will originally purchase 29.9% of shares in Higher Fidelity HDTV, together with the remaining 70.1% shutting subject to CRTC approval. During this transaction, private equity firm Providence Equity Investment Markets has invested in providing additional finance to Blue Ish Media for the finishing the acquisition of Substantial Fidelity HDTV.

Torstar's investment in Blue Ant Media will be $22.7M following the realization the acquisition of 100% involving High Fidelity High definition.

"We view the investment in Orange Ant Media since strategic, providing Torstar together with the opportunity to further diversify our Canadian media channels asset base" said Mark Holland, President and CEO of Torstar Business. "We see the potential within Michael's vision for a brand-new kind of media corporation in Canada and that we are very pleased to be concerned."

Michael MacMillan, CEO, Blue Ant Press said "We are very very happy to have Torstar as a associate as we establish along with grow a new kind of media company in Canada. In addition to their a guarantee support, we look forward for you to working with Torstar's Canadian marketing operation as the marketing landscape continues to develop."

ABOUT TORSTAR Firm

Torstar Corporation is a generally based media and also book publishing organization listed on the Toronto Stock trading game (TS.B). Its corporations include the Star Advertising Group led through the Toronto Star, Canada's premier daily newspaper, and digital properties including thestar.com, toronto.internet, Workopolis, Olive Media, and eyeReturn Advertising and marketing; Metroland Media Group, marketers of community along with daily newspapers throughout Ontario; and Harlequin, a major global publisher connected with books for women.

With regards to BLUE ANT MEDIA

Blue Ant Advertising is a privately held Canadian media company. This is a majority shareholder regarding GlassBOX Television and has the minority interest in Quarto Marketing and sales communications, publishers of Bungalow Life, Outdoor The us, Explore and Canada Home Workshop.

Forward-looking phrases

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These factors include, but are not limited to: basic economic conditions from the principal markets in which the Company operates; you can actually ability to operate in hugely competitive industries; their ability to compete with other kinds of media along with media platforms; the Company's ability to attract in addition to retain advertisers; cyclical and seasonal variations inside Company's revenues; you can actually ability to reduce costs; credit card debt financing and option of capital; reliance on technological innovation and information systems; option insurance; litigation; environment regulations; dependence on critical personnel; loss of name; privacy and top secret information; product liability; along with intellectual property proper rights. We caution which the foregoing list is not radical of all possible factors, as other factors could possibly adversely affect each of our results.

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For more information, please visit the discussion associated with risks affecting Torstar and its businesses in Torstar's The new year Management's Discussion & Analysis that is available at com and on Torstar's corporate website com .

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Contacts:
Torstar Company
Lorenzo DeMarchi
Executive Vice-President and Key Financial Officer
(416) 869-4776 com