From globeandmail.com:

Torstar Corp. is cutting 85 jobs across its newspaper operations, a move that will save the publishing giant about $5.5-million a year. The company said yesterday it will take a restructuring charge of about $11-million in its fourth quarter because of the cuts, which will be both "voluntary and involuntary." Union representatives said most of the cuts involve voluntary buyout packages, and are not involuntary layoffs. Mike Sullivan, unit chair of the Southern Ontario Newspaper Guild, which represents workers at the flagship Toronto Star newspaper, said about 10 people were offered packages at that paper. A small number of managers were also let go, he said. Unionized and non-unionized employees also took voluntary packages at The Hamilton Spectator, The Kitchener-Waterloo Record and at the Metroland community newspaper arm, union and company spokesmen said. TS.B (TSX) rose 1 cent to $19.26.