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October 29, 1998 | Bloomberg News
Torstar Corp., owner of the Toronto Star, Canada's biggest newspaper, offered to buy Sun Media Corp. for $486 million to counter a challenge from publisher Conrad Black's new national daily. Sun Media's publications include the tabloid Sun papers in Toronto and Calgary, Canada. The proposal comes one day after Black began publishing the daily National Post. Coverage from his Southam Inc. national newspaper chain competes with the Star and Thomson Corp.'
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BUSINESS
October 29, 1998 | Bloomberg News
Torstar Corp., owner of the Toronto Star, Canada's biggest newspaper, offered to buy Sun Media Corp. for $486 million to counter a challenge from publisher Conrad Black's new national daily. Sun Media's publications include the tabloid Sun papers in Toronto and Calgary, Canada. The proposal comes one day after Black began publishing the daily National Post. Coverage from his Southam Inc. national newspaper chain competes with the Star and Thomson Corp.'
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