As CanWest’s bankruptcy goes forward, 20 companies are going over Global TV’s books to see if it’s worth buying (it’s actually not; the creditors/debtors are looking at pennies on the dollar to recover their investment.) There’ll be a separate sale for the newspaper group. Anyway, one interesting suitor is the Pattison Group. Hmmmm, Jimmy Pattison has a well known habit of taking command by firing the new firm’s least competant employees. If my name was Asper, I’d be nervous.
Report on Business, Dec. 3 2009