Toronto dailies hit by transit papers

Article Abstract:

A study done by the Interpublic Group of Companies reveals that Toronto's three free transit tabloids have gained a strong presence in the city's daily newspaper market, where nearly 20% of people aged 18 or older read one newspaper every day. The study adds that 8% of Toronto's adults read only the commuter papers and avoid the paid dailies entirely. The findings of the study have been disputed by Mark Stevens, publisher of Toronto Sun, and Andrew Go, president of Torstar Media Group.

Newspaper Publishers, Market share, Ontario, Daily & Sunday Newspapers, Interpublic Group of Companies Inc., Daily newspapers

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Carat buys minority stake in Cairns

Article Abstract:

Carat, the biggest independent media agency in the world, has purchased a 49% interest in David Cairns Co, based in Toronto, Ontario, creating a new entity, called Carat Cairns. After the acquisition, David Cairns will continue to be president of the new company and will control a 51% stake. In the meantime, Carat, which also took a 49% stake in Strategem, will have presence in two major cities in Canada.

Canada, Asset sales & divestitures, Acquisitions & mergers, Organizational history, Advertising and Related Services, Advertising, Carat Cairns, David Chairns and Co.

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