The parent company of Canada's most widely read newspaper yesterday announced it would ship more than 100 newspaper jobs overseas, Bloomberg reported. The announcement comes even as Torstar Corp. today posted third quarter gains, according to Editor & Publisher.
One hundred of the Toronto Star jobs being offshored are editorial in nature, accounting for a quarter of the newsroom, a union leader told the Globe & Mail. Approximately 60 more jobs in advertising and layout are reportedly moving to India as well, Canadian Business said yesterday.
Meanwhile, Torstar - which also publishes Harlequin romances - credited its third quarter income of C$4.0 million (US$3.7 million), or 5 Canadian cents per share, to the strength of its novel-publishing division, Reuters today reported. Newspapers and digital revenue for the same three-month period ending September 30 fell 12.6 percent to C$221.2 million as compared to the same time last year, La Presse Canadienne also reported.
In an ironic twist, a writer for The Toronto Star published an article in the newspaper in February 2008 recounting her experience looking to outsource a graphic design project for a girl's birthday party. The online call drew bids from as far away as Demnark and India, but led her to a highly successful local student who won the contract by underpricing her competitors.