St. Joseph Media sells Torontoist to Daily Hive

The daily online news source, Torontoist, has been acquired from St. Joseph Media by Daily Hive, a national online publication which has recently expanded into 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.”

Torontoist was purchased in 2011 by St Joseph Media. It had been launched in 2004 and, for a time, beginning in 2009, had been in a content partnership with the Globe and Mail.