Posted on August 4, 2009 by billcarney
Aug. 14 is the latest date for Canwest to come up with a plan to pay off its senior lenders. This story has been going on for too long, indicative of severe problems in the company in coming up with cash to pay its bills.
Financial Post, August 1 2009
Filed under: CanWest | Tagged: debt problems, extension | Leave a comment »
Posted on February 6, 2009 by billcarney
As darkness continues to gloom over CanWest’s financial state, today they announced they are selling five small over the air tv stations in Montreal, Hamilton, Red Deer, Kelowna and Victoria. And if they can’t find a buyer at a reasonable price, they’ll be shut down as CanWest desperately tries to shed debt dating back to their purchase of Southam from Conrad Black. More likely they’ll be shut down; who wants to buy money losing property in the midst of a financial recession? And more reporters will lose their job.
Globe and Mail, Feb. 6 2009
Filed under: CanWest | Tagged: debt problems, E! | Leave a comment »