Conrad Black’s long legacy sinks CanWest

The Guardian has provided the long view on CanWest’s demise that I’ve been putting forward for some time: Conrad Black outfoxed Izzy Asper when he sold him the Southam chain of newspapers and The National Post. Too bad Tubby didn’t just take the money and run. Another five and a half years before he gets out of his Florida jail. But this story puts the whole sad story into perspective.

“Conrad sold him those papers at the very height of their value. It was almost the week, the day, when they peaked,” says journalist Peter Newman, author of a biography of Asper.

The Guardian, October 25 2009

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