Torstar Announces Sale Of Troll Communications

Posted on February 22, 1999

Torstar Corporation has announced the signing of an agreement to sell Troll Communications for U.S. $70 million to Willis Stein & Partners, L.P., a Chicago-based investment firm. The transaction is expected to close by the end of the first quarter of 1999. Troll Communications is a leading publisher of children's books operating major School Book Clubs, Book Fairs and direct mail programs for children, teachers and schools.

Torstar Corporation is a broadly based publishing company. Its operations include The Toronto Star, Canada's largest daily newspaper; Metroland Printing, Publishing & Distributing, publishers of community newspapers and distributors of advertising materials; Harlequin Enterprises, publisher of series romance fiction; the Children's Supplementary Educational Publishing Division, which publishes and produces educational products for teachers, parents and children under the Frank Schaffer, Tom Snyder Productions, Delta Education and Brighter Vision names; and a 39 percent interest in ITI Education, an information technology education institution.

Melania Trump Reads The Little Rabbit by Nicola Killen for Easter

Val Kilmer Publishing Memoir with Simon & Schuster

Cats Film Could Boost Interest in T.S. Eliot's Poetry Despite Box Office Losses

Christopher Paolini to Publish Science Fiction Novel with Tor Books

Scholastic to Publish The Ballad of Songbirds and Snakes