Speaking for the first time publicly since their business relationship soured,Corp. owners Paul Rivett and Jordan Bitove confirmed there was no reconciliation ahead as their approaches to business were too different.
Bitove, who is publisher of the Toronto Star, emphasized at Thursday's event the importance of the paper as a civic institution and its adherence to its guiding social principles, while Rivett pushed on the need to diversify revenue streams through experiments like the company's foray into online gambling because the organization is losing about $1 million a week. "What kills me inside is we had such great momentum ...
“Divorces aren’t great, they’re a distraction for sure, and that’s why we’re trying to get it done as quickly as possible. It causes confusion, it causes anxiety." He said that for a news organization like the Star to succeed, there also needs to be more collaboration between the sales and news sides of the business.
Everytime you're diverted to the Star they want money for their news....crazy!
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »