Another option for CanWest

The Aspers are apparently in talks with three groups of investors, who would solve CanWest’s debt problems for an equity share in the company (which means the Aspers would bring in the investors as partners.) And an Australian group would take its Australian net off CanWest’s hands, but likely at a vulture price. One of the groups looking at investing in CanWest is Brookfield Asset Management, of which I am a shareholder. Brookfield, a commercial property manager, tends to take a long-term, Warren Buffet  view of its properties, looking beyond current troubles to the potential of a company in 1o or 20 years. Ditto for the other two, Fairfax and Onyx. The Aspers will have to eat some crow and cede some management control, but at least the operations would continue to function.

Globe and Mail, May 11 2009

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