A solution for CanWest?

A media financial analyst from New York has an interesting solution to CanWest’s financial problems (its stock has fallen from $8 a share to less than $1): go private. Right now, CanWest is a publicly owned company (anyone can buy shares in it on the stock markets; taking it private would turn it back into a family company owned by the Aspers, accountable to no one except the Aspers, something Lord Black must look back on and regret not having done the same with Hollinger, but I digress.) Taking it private would mean no need to report to troublesome shareholders, and relieve it from the quarterly pressure to show progress every quarter. The analyst notes that the US and Canadian newspaper companies in trouble now are all public companies; the private ones are doing better.

Toronto Star, October 25 2008

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