Torstar takes a $2.5 million hit. They plan to cut employees. Just kind of reading between the lines, I don't think it's their romance publishing program that is languishing. It's the newspapers they also publish that are faring poorly in the new digital age. Ad sales revenue is probably way down.
I bet dollars to doughnuts that their romance publishing helps maintain their other enterprises. Not good for romance bottom line of course, but that's the way the world works. Hope they won't attempt to injure their golden goose in these cutbacks.