Great growth area for Torstar

Article Excerpt

TORSTAR CORP. $8.54 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $680.7 million; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.torstar.com) continues to add to its growing number of Internet businesses. The company recently paid an undisclosed sum for TargetVacations.ca, a website that lets users buy vacation packages and book flights, cruises and hotel rooms. This purchase looks like a nice fit with Jaunt.ca, Torstar’s other travel-related website. Jaunt.ca markets travel offers, including hotel and vacation packages, to 2.2 million Canadian email subscribers. Torstar also promotes travel deals through its WagJag and Travelalerts.ca services. Investments like TargetVacations.ca also make the company less reliant on newspaper ad revenue. Torstar is a buy. buy…