As darkness continues to gloom over CanWest’s financial state, today they announced they are selling five small over the air tv stations in Montreal, Hamilton, Red Deer, Kelowna and Victoria. And if they can’t find a buyer at a reasonable price, they’ll be shut down as CanWest desperately tries to shed debt dating back to their purchase of Southam from Conrad Black. More likely they’ll be shut down; who wants to buy money losing property in the midst of a financial recession? And more reporters will lose their job.
Globe and Mail, Feb. 6 2009
Filed under: CanWest Tagged: | debt problems, E!
