Toronto Star pursues online casino to fund journalism
LINKEDIN - Newspaper publisher Torstar is placing its bet on the online gaming market to help fund its journalism business. The company, which oversees dozens of newspapers including the Toronto Star, plans to launch an online casino betting brand in Ontario, pending approval from local officials. Revenue from the new business will help support future journalistic efforts as advertising dollars dry up. However, some have raised concerns about media independence if such a “prominent newspaper chain” becomes “financially beholden to an outside business,” per CBC News.