“It’s just a flesh wound” mentality alive and well at Canwest

Well, there they go again. Saturday’s National Post contained a front page editorial proclaiming their financial success, all the while they are in bankruptcy proceedings filing court documents detailing their dismal financial straits. It’s not that I want to see the National Post go down (the last four pages of the front section are the [...]

It must be Hallowe’en….

…. because Canwest has risen from the dead. A judge agreed to whatever legal/economic reasons necessary to move the National Post in with Canwest’s newspaper group, thus allowing the “national” (it only delivers in four provinces) newspaper to live again.
Bloomberg, Oct. 30 2009

Death watch begins for Asper era at CanWest

The Globe reported it this morning, and CTV is confirming it: either the Aspers get outside financing, with the condition that the Aspers leave the corporation, or CanWest goes bankrupt, in which case the Aspers lose all control of the corporation. They’ll probably fight it to the end, but the options are grim. Bankruptcy is [...]

Bankruptcy speculated as future for CanWest

an analytical piece from Reuters mentions bankruptcy as a viable option for CanWest as it faces serious debt financing and ad shrinkage woes. As a number of Canadian investment analysts note, while CanWest is trying sell off pieces of its business, who would buy in this market, and would they fetch a price significant enough [...]