Black bids for CanWest!!

Thought that would send the blood pressure spiking. No, it’s not Conrad, but David Black of Black Press, based in BC, who’s put in a bid for the newspaper portion of CanWest, joining about half a dozen prospective buyers in the bid for the bankrupt dailies. Final sale is expected to be in April, which then would make the fate of the dailies a little more clear. At that time, they can be broken up, or the new owners can try to return to the Southam model.

And as has widely been reported, Leonard Asper has finally stepped down from CanWest. I suspect there will celebrations in newsrooms across the country.

Globe and Mail, March 4 2010


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