Foreign buyers for Canwest?

CTV reports that Canwest is in discussion with the feds and CRTC to discuss some of the rules regarding ownership of Canadian media, one of which is that Canadian media has to be owned by Canadians. Later on in the story we learn that there are three vulture/venture funds/investors looking to take over Canwest, in whole or in part. Turns out two of them are American. Wouldn’t that be a Hobson’s choice: let Canada’s biggest media chain go under, or sell it to the Americans.

CTV, August 10 2009


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