No, that's not a joke. Torstar's new owners are starting an
online casino in Ontario to fund journalism.
Torstar is already involved with car and home insurance, a chain of golf stores, parcel delivery, online auto sales, and a half dozen other businesses. I guess those fund journalism, too.
My parents said that, at one time, Torstar used to be in newspapers.
A casino to fund journalism? I'm surprised Torstar hasn't partnered with a marijuana grower and a chain of cannabis stores. Oh wait, is that still in the works?
The goodwill the Toronto Star built up over the past century is worth more than the newspaper itself and the new owners know this. It will be a shame to watch it fade away over the next decade.