National Post to die today?

Apparently it will, unless CanWest gets a court order to transfer it to its other newspapers (I have no idea why Canwest has such a complex business design, other than it’s just badly managed.) Reuters provides some detail into the complicated legal manoevering necessary to get CanWest into bankruptcy protection, then sold.

The creditor group “will not continue to support funding the National Post Company in the long or short term past October 30, 2009,” Canwest said in a court report released on Thursday.

Reuters, October 30, 2009

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