Spiteful feud between Toronto Star owners sets up battle for the soul of the newspaper

“Paul has always been the more hardnose one in terms of the bottom line,” said a veteran employee. “What Paul does is all about distressed assets and turning them into something. I think Jordan fell in love with the newspaper and I don’t think Paul ever did.”Article content

“The preferred playbook of some investors is to cut costs to the bone, strip the product bare, and shrink newsrooms to extract short-term benefit for shareholders. The approach favoured by those of us who believe in the vital role of the media in a strong and vibrant society is to build a product centred on the trusted journalism that readers demand. And to use that demand to build a sustainable business.

He worked in the Star’s downtown newsroom Thursday, erect at a stand-up desk near the fashion and beauty section. Some thought it a powerplay, because the chief executive officer is rarely in the newsroom, but it could just as easily be because the Star is moving next month, and workspace is in flux.

For 49 years it was shepherded by legendary editor and publisher Joseph E. Atkinson — nicknamed Holy Joe — as a progressive voice that became the biggest paper in Canada. Atkinson died in 1948. After a brief period as a charitable organization, it was controlled by a family compact of five wealthy Toronto families, all related to Atkinson, who promised to uphold Atkinson’s values.

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