TORONTO, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Well-known Toronto online news source, Torontoist, has been acquired by Daily Hive, a national online publication that is expanding its reach in the Toronto market.
“Torontoist has a strong local readership in the community, and we’re excited to have the opportunity to build on the site’s legacy and continue its success,” said Karm Sumal, CEO of Daily Hive. “We will be building on everything you have come to love about Torontoist — the trust, passion, and quick reporting — while simply adding a bit of our signature flair.”
This acquisition aims to continue Daily Hive’s mission to bring valuable hyper-local content to Canadian audiences and foster a relationship between people and their city. With a strong focus on events and things to do around the city, two attributes that have made Daily Hive an important go-to source for hyper-targeted metropolitan areas across Canada, the acquisition will add legacy content, strong traffic numbers, and a large following on social media to Daily Hive’s Toronto division.
“Complementing our existing presence in Ontario, this acquisition allows us to reaffirm our promise to the Toronto market to offer high quality local content and better serve the Toronto community,” said Sumal. Since launching in Toronto in June 2016 with one writer, the Daily Hive Toronto division has grown to a readership over one million Ontarians each month, and an office of 12 full-time staff.
"We’re proud of the 15-year journey of Torontoist and pleased to have Daily Hive carry the torch into the next decade,” said Douglas Kelly, President of St. Joseph Media, the former operator of Torontoist.
Karm Sumal is available for interviews upon request.
About Daily Hive
Established in 2008, Daily Hive is one of Canada’s largest national online news sources, with over 4 million unique readers per month in key urban markets of Toronto, Vancouver, Calgary, and Montreal.
Daily Hive creates compelling, hyperlocal content, embracing the unique qualities that exist in a city, to produce genuine conversation among Millennials. With unique thematic channels, such as Dished, Mapped, and Urbanized, Daily Hive delivers top-tier information to its local audience and advertisers.
With a dominant and growing social media following, Daily Hive is supported by an in-house Influencer Agency, ID, and a Digital Marketing Agency, Colony, to better serve its audience expert levels of communication.
Visit Daily Hive on the Web, Instagram, Twitter, and Facebook.
About St. Joseph Media
St. Joseph Media is Canada’s largest privately-held media company and a wholly-owned division of St. Joseph Communications. St. Joseph Media publishes Toronto Life, FASHION Magazine, Weddingbells, Mariage Québec, Ottawa Magazine, Quill & Quire, and the Where Group of Magazines in Vancouver, Calgary Ottawa and Toronto.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/253b4a4b-a4f0-49df-83f0-d61458aef5c0.