The reduced profitability reflects our continued significant investments in geographic expansion, new product launches, Torstar Digital and TTN, all of which we expect will increase profits in future years.
More Quotes from Robert Prichard:
We did achieve revenue growth in the (newspaper) segment for the year, but we didn't convert that revenue growth sufficiently to profit during the year. Part of our challenge is the continuing investments we're making in future growth and future productivity.Robert Prichard
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