Sales, earnings dip at Harlequin

Weakness in print sales in its overseas markets led to a slight decline in revenue and earnings at Harlequin in 2011, parent company Torstar reported this morning. Revenue fell 1.9%, to C$459.4 million, and operating earnings were down 2.0%, to C$82.4 million. Foreign exchange had a negative impact on results, including depressing earnings by C$6 million