Media Company: Cent Growth and Ventures Segment

media company: That was largely due to a $3.2 million increase in the contribution from its digital ventures segment — including 42 per cent growth in adjusted EBITDA at digital media company Vertical Scope, the company said Wednesday, according to The Toronto Star. Torstar earnings base is increasingly digitally oriented, said David Holland, president and CEO of Torstar, on a conference call with analysts. By Lisa Wright Business Reporter Wed., Nov. 2, 2016 Torstar Corp., publisher of the Toronto Star, reported segmented adjusted earnings before interest, taxes, depreciation and amortization, known as adjusted EBITDA, was $13.1 million in the quarter, up $2.7 million from the prior year. Net income from continuing operations was $1.1 million, or one cent per share, in the quarter, compared to a net loss of $164.8 million, or $2.04 per share, in the third quarter of 2015, the company said. Article Continued Below We were pleased, overall, with our progress in the quarter, Holland said. Also, net income attributable to equity shareholders was $1.4 million, or 2 cents per share, in the quarter compared to a net loss of $164.3 million, or $2.05 per share, in the third quarter of 2015. (news.financializer.com). As reported in the news.