03:35 PM EST - Torstar Corporation : reported financial results for the second quarter ended June 30, 2011. Highlights for the quarter: Revenue was $393.3 million in the quarter, up $15.7 million from the second quarter of 2010. Excluding accounting changes and the impact of foreign exchange, total revenue was up $11.6 million or 3.1% in the quarter. Net income was $228.3 million ($2.87 per share) in the second quarter, up $204.9 million ($2.57 per share) from $23.4 million ($0.30 per share) last year including a gain of $190.1 million ($2.40 per share) on the sale of Torstar's 20% interest in CTV Inc. Torstar Corporation
shares T.TS.B are trading down $0.61 at $11.20.
