Aspers to lose control of CanWest?

The Globe and Mail, competitor to Canwest media, notes that the CanWest debt problem is appearing to be insurmountable, as CanWest basically is trying to get out of/restructure existing debt agreements. In a credit crunch, carrying a lot of debt isn’t a good thing. Should there be an asset sale, somebody might pick up a newspaper or tv station for pennies on the dollar — or CanWest might convince its lenders that it’s better to renegotiate a debt and get it back, rather than foreclose and get those pennies on a dollar.

Globe and Mail, Fec. 3 2009


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