CanWest is notoriously badly run and leveraged to the ears. Alliance-Atlantis' biggest asset, CSI, has jumped the shark and home renovation is becoming passe. Yet the suckers are lighting a fire under both companies in hopes of a CanWest takeover of Alliance Atlantis.
(Globe and Mail)
Alliance Atlantis Communications Inc. is expected to be the next company sold in a consolidating Canadian media sector, with analysts predicting the owner of specialty television channels could soon end up in the arms of CanWest Global Communications Inc.
Shares in both companies have soared recently, and two events last week crystallized speculation that CanWest may be on the hunt for a deal in Canada, amid talk that Alliance may be looking to sell.