Newspapers Dying? Well, Tory Backers Keep Trying to Buy Torstar - 2020-07-09

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F0.png Newspapers Dying? Well, Tory Backers Keep Trying to Buy Torstar July 9, 2020, Bryan Carney, The Tyee

Newspaper chain Torstar has confirmed it has a second bidder to buy it.

The new $58-million bid by brothers Matthew and Tyler Proud — both Toronto tech company CEOs — is for $6 million more than the previous bid by Nordstar.

Ontario Liberal "heavyweight" Greg Sorbara is part of the new Torstar bid, according to the Globe and Mail.

But a scan by The Tyee finds other key figures in the rival bid, like the first, appear to have a political donation history that includes conservative candidates, including towards leadership campaigns for Maxime Bernier, Doug Ford, Kevin O'Leary and Patrick Brown.

Wikipedia cite:
{{cite news | first = Bryan | last = Carney | title = Newspapers Dying? Well, Tory Backers Keep Trying to Buy Torstar | url = https://thetyee.ca/Analysis/2020/07/09/Tory-Backers-Want-Torstar/ | work = The Tyee | date = July 9, 2020 | accessdate = July 17, 2020 }}