Rivett also asked the court to appoint PricewaterhouseCoopers to manage an asset sale to resolve the "impasse" between the two men. NordStar Capital is a Canadian company led by Jordan Bitove and Paul Rivett, and wholly owned by the Bitove and Rivett families. He is the Founder of the Toronto Raptors of the NBA. Wife was walking on it the next day. The settlement comes two months after Rivett filed an application to the Ontario Superior Court seeking a court order to dissolve NordStar Capital Inc., which purchased Torstar in 2020 for $60 million. Use of this Website assumes acceptance of Terms & Conditions and Privacy Policy, Published Thursday, November 24, 2022 1:33PM EST, Last Updated Thursday, November 24, 2022 7:04PM EST, CP24 Breakfast - Toronto's top morning show, Torstar co-owners say they're focused on quick 'divorce' in public appearance, Torstar co-owners agree to move legal dispute to mediation-arbitration, Torstar Corp. co-owner Bitove makes 'no apologies' amid tension with business partner, Relationship breaks down between Torstar owners, one seeks order to wind up company, John Honderich, former publisher of the Toronto Star, dies at 75, Toronto-bound QEW shut down west of St. Catharines, Replica toy gun brought to Etobicoke school, Toronto-bound QEW shut down west of St. Catharines after truck plows into road crew, Ottawa sending 200 Canadian-made armoured vehicles as defence minister visits Ukraine, New Omicron subvariant expected to become dominant in Ontario as cases rise, Ukraine interior minister and several children among dead in Kyiv helicopter crash, Qantas plane lands safely after mayday call over Pacific, At Davos, UN chief warns the world is in a 'sorry state', This is how to protect yourself from real estate title fraud, experts say, These Ontario cities offer the lowest housing fees in the province: report, Toronto home prices closed 2022 down 9.2 per cent year-over-year, Pegula, whose family owns Bills, honors Hamlin in Australia, Auger-Aliassime digs deep for major comeback at Aussie Open, Hampered by bad hip, Rafael Nadal loses at Australian Open, Ryan Reynolds, Catherine O'Hara among stars set for special Canadian Screen Awards, Porn actor Ron Jeremy found unable to stand trial for rape, What's old is new: Why a Weeknd song from 2016 is now a chart smash, Fastest Corvette ever is all-wheel-drive gas-electric hybrid, 'Zoom fatigue': New study suggests human brains need in-person interaction, Moving species emerges as last resort to save them as climate warms, Air Canada staff forced to think 'outside the box' in shipment of largest item airline has ever fit into Boeing 767, Canadian fighting with Ukrainian forces dies in battle: reports, Ontario family hit with 'horrible' 36-hour travel day after delayed, cancelled flights from 3 different airlines, Ravi Srinivasan, senior TIFF programmer, dies suddenly at 37, What to know about Kraken COVID subvariant, Small plane crash on 16th Avenue in Markham. Bitove married American-Macedonian Dotsa in 1949, and they spent 67 years together. Rivett also asked the court to appoint PricewaterhouseCoopers to manage an asset sale to resolve the impasse between the two men. Torstar Corp. also owns the Metroland newspaper group and local newspapers including the Hamilton Spectator. In an announcement Thursday evening, Torstar said that finance industry veteran Paul Rivett will be stepping away and marketing executive and prominent philanthropist Jordan Bitove will take control of Torstar, including Metroland Media Group and the Toronto Star. They hadfive children Vonna, Nick, Tom, John Jr. andJordan and 16grandchildren. Copyright 2023 Surperformance. 2023 National Post, a division of Postmedia Network Inc. All rights reserved. His ties to his heritage made him a generous supporter of the Macedonian community locally and abroad. WebArticle content Toronto Star publisher Jordan Bitove will take sole control of the newspapers parent company as part of an arbitration deal with co-owner Paul Rivett, according to media reports citing unnamed sources, bringing to a close a tense dispute between the former partners. --Gandhi John Bitove, Sr. (JB) passed away peacefully on July 30, 2015, with his loved ones by his side. Jordan Bitove, president and CEO, Vision Co., and his wife, Nicole, owner of hot shop Canopy Blue. "The preferred playbook of some investors is to cut costs to the bone, strip the product bare, and shrink newsrooms to extract short-term benefit for shareholders.". [DEBATE] Which TEAM CANADA team are you taking? At the same time, Bitove formed the first World Macedonian Congress, an ultranationalist organisation created to promote the interests of the Republic of Macedonia and the ethnic Macedonians throughout the world. He is the Founder of the Toronto Raptors of the NBA. Long-term care home report and sale of Torstar; In The Canada's Richest People 2015: The 100 Richest Canadians, Harry Potter Fanfiction Golden Trio Time Travel Marauders, turkey all inclusive vacations from canada, chevaliers de sangreal meaning in english, define and state the significance of belinda's petition. John Bitove Sr. developed, built, and operated various restaurants in Canada. Mr. Bitove has been a member of the Board of Directors of ClearStream since November 2013. To order copies of Comments may take up to an hour for moderation before appearing on the site. [11] He also supported and promoted the United Macedonia, a concept among ethnic Macedonian nationalists that aims to unify the transnational region of Macedonia into a single state with the Greek city of Thessaloniki as its capital. Please try again. Young society operator Jordan Bitove and his well-hydrated model-wife, Nicole (she was on Cityline the other day confessing that she drinks five litres of water every day!) With his wife Dotsa, he created the Java Shoppe in the north part of Toronto (formerly North York), that quickly expanded to 5 restaurants. Toronto Star publisher Jordan Bitove stressed the "importance of independent and trusted journalism in our country." The killings remain unsolved and the investigation is ongoing. Results > Comments may take up to an hour for moderation before appearing on the site. Chorus Aviation closes $115 million As the granddaughter of catering kingpin John Bitove Sr., daughter of family foundation head Vonna and niece of Raptors founder John, shes born to the manor, but shes no woman of leisure. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The two men were equal partners in NordStar, which also owns online news site iPolitics and sportsbook NorthStar Gaming Inc. Before teaming up with Bitove, who was part of the ownership consortium that built the SkyDome, now the Rogers Centre, Rivett was previously president at Fairfax Financial. "The court made clear today a fundamental point about the principle of open . 2131 Military Street S Bitove earned an undergraduate Bachelor of Science degree in Business (marketing) from Indiana University Bloomington in 1983. In a September statement responding to Rivetts claims, Bitove said he had worked to make the company resilient, more accountable and more competitive. Ive done this to ensure that the Toronto Star, Canadas largest newspaper, can continue to deliver the news, opinion and stories our diverse audiences seek and the investigative journalism our democracy depends upon while upholding The Stars incredible legacy and building a brighter, stronger future, he said. The fight for control of the company which publishes the Toronto Star is over. In a separate email to staff, Bitove also announced that Neil Oliver, currently the president of Metroland, will become the new CEO of Torstar. Jordan Bitove joined the Board of Directors of SickKids Foundation in June 2012. I reached out to three notable Toronto couples who seem to have it all. Reproduction in whole or in part strictly prohibited. In 2005, he received the first James Naismith Award of Excellence by Canada Basketball.[9]. Arbitrator awards Jordan Bitove ownership of Torstar The change is part of a resolution with business partner Paul Rivett, who claimed an impasse on the future of the company. Torstar co-owners say focus is on quick divorce in public appearance. [1], Bitove was born Lazar Nikola Bitov,[2] in Toronto to Macedonian immigrants Nicholas and Vana. his wife (of 66 years), Dotsa, together with a group of dedicated and passionate Macedonians that CMP was . WebJohn Bitove Sr. developed, built, and operated various restaurants in Canada. Glock 26 Vs Glock 19 Handgun Hero, the sad ass state of canadian journalism +5. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. See the complete profile on LinkedIn and discover Jordan's connections and jobs at similar companies. The complete Canadian Business Magazine ranking of Canada's Top 100 Richest People, plus how much their wealth has changed in the last year. In a September statement responding to Rivett's claims, Bitove said he had worked to make the company resilient, more accountable and more competitive. Chorus Aviation closes $115 million bought deal public cruiser trade: Class Aircraft Carrier Rudolph E Tanzi Mr. Bitove is the Publisher of the Toronto Star, Co-Proprietor of Torstar Corporation, and founding partner of NordStar Capital. Jordan L. Bitove is on the board of ClearStream Energy Toronto Star publisher Jordan Bitove has taken sole control of the newspaper's parent company effective Thursday as part of an arbitration deal with co-owner Paul Rivett, according to Torstar Corp., bringing to a close a tense dispute between the former partners. John Bitove Biography, Age, Height, Wife, Net Worth, Family. The company also parted ways with Toronto Star president Marina Glogovac. The Toronto couple's double homicide remains unsolved. He is also a partner in NordStar Capital with investments in numerous sectors. We are pleased that the court has delivered that message powerfully," he said in a statement. Through his holding company, Obelysk, he is involved in several entities including; Sirius XM Canada, Canada's largest subscriber radio service. Rivett congratulated Bitove for choosing to own the Star and Metroland, and thanked the arbitrator for what he said was a fair and quick process. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. WebJohn I. Bitove (Jr.) (born 1960 in Toronto, Ontario) is a noted Canadian businessman and sportsman. Torstar holds an investment in The Canadian Press as part of a joint agreement with subsidiaries of the Globe and Mail and Montreal's La Presse. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Jordan Bitove takes full ownership of Toronto Star parent company . A face cream from Kiehl's that's specially formulated for the cold, wintery weather. He was also the major shareholder of KEYreit,[5] Canada's largest "small box" real estate investment trust that was sold in 2013. Bitove said he was focused on building a product centred on the trusted journalism that readers demand, while using that demand to build a sustainable business. Later, hemerged existing companies to form Bitove Corp., at the time one of the largest dining and catering operations in Canada. Through his holding company, Obelysk, he is involved in several entities including; Sirius XM Canada, Canada's largest subscriber radio service. Bitove brought new restaurant concepts to Toronto such as the Cav-a-bob nightclub, Julie's fine dining and many others. WebFormer President/CEO at Vision|Co. Jordan Bitove joined the Board of Directors of SickKids Foundation in June 2012. mandates for high net worth clients (including estates and continuing family Dave's Hot Chicken Goes International Feb 15, 2021 One industry that has remained consistent for Bitove is restaurants, which dates back to when he was a teenager working in his family's . Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc. A welcome email is on its way. Copyright owned or licensed by Toronto Star Newspapers Limited. Jordan Bitove is 55, he's been the Lead Independent Director of ClearStream Services since 2015. There are 4 older and 3 younger executives at ClearStream Services. The oldest executive at ClearStream Energy Services Inc. is Sean McMaster, 61, who is the Non-Executive Independent Chairman of the Board. Congratulations to Jordan for choosing to own the Star and Metroland. Ive done this to ensure that the Toronto Star, Canadas largest newspaper, can continue to deliver the news, opinion and stories our diverse audiences seek and the investigative journalism our democracy depends upon while upholding The Stars incredible legacy and building a brighter, stronger future, he said. Erica and Noah Godfrey, founder, GigPark. The next night former NBA first rounder Leo Rautins, coach of Canada's national team, another Canadian Basketball official and others were in Gretkzy's box at the Glendale Area. 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