All Of The Conservative Donations Made By The New Owners Of The Toronto Star - 2020-05-27
Just before 8:00 Tuesday evening, Torstar sent out a news release announcing its own sale. After years of its share price and management flailing in full view of the public, the TSX-listed company that publishes the Toronto Star, Hamilton Spectator, and dozens of other newspapers will be taken private in a $52 million deal.
The new owners? A recently established company called NordStar Capital LP, registered in Manitoba less than a month ago, with the Toronto office of law firm Norton Rose Fulbright as its official address. The nordstarcapital.ca domain was registered on Sunday afternoon, with [email protected] as the email contact.
Tuesday's news was accompanied by a glossy website, whose home page states four times that NordStar intends to retain the Star's "commitment to progressive positions and fearless journalism." The press kit neatly packages NordStar principals Jordan Bitove and Paul Rivett with bios, portraits, and (almost) perfectly trimmed sound bites. If you want to know who Bitove and Rivett are, there's plenty of info there about how they, respectively, helped found the Raptors and ran Fairfax Financial. (Ubiquitous crisis-management/PR/lobbying firm Navigator provided NordStar with "strategic counsel," according to a release.)