Jordan Bitove will take full ownership of Torstar, reports say

Toronto Star publisher Jordan Bitove will take sole control of the newspaper's parent company as part of an arbitration deal with co-owner Paul Rivett, according to media reports citing unnamed sources, bringing to a close a tense dispute between the former partners.

Torstar Corp. also owns the Metroland newspaper group and local newspapers including the Hamilton Spectator.

Bitove will also retain a significant stake in VerticalScope Inc., a tech company that owns 1,200 specialty websites and is 

The settlement comes two months after Bitove's business partner Paul Rivett filed an application to the Ontario Superior Court seeking a court order to dissolve NordStar Capital Inc., which purchased Torstar in 2020 for $60 million.