Key Media Shares Sold to St. Joseph Printing Subsidiary

All shares of Key Media Ltd., the Canadian magazine publisher whose principal assets include Toronto Life, Fashion Magazine, WeddingBells and Where Canada, were recently sold to a subsidiary of St. Joseph Printing Limited for an undisclosed amount. The sale closed February 28, 2002.

St. Joseph Printing was represented by Goodman and Carr LLP, with a team that included Lawrence Chernin, Ruby Wong, Nicholas Catros, Cosimo Fiorenza, Sheldon Silverman, Mary Ormond and John Kelly. Torys LLP represented the principal selling shareholders, Key Publishers Company Ltd. and Harrowston Inc., with a team that included Phil Symmonds, Chris Fowles, Graham Rawlinson and Corrado Cardarelli (tax), Robin Coster (intellectual property) and Don Roger (real property). Rod Barrett of Stikeman Elliott represented the employee shareholders of Key Media.