Friday, November 28, 2008

CanWest: Stick a Fork in It (Part 803)

The Dominion Bond Rating Service (DBRS) has downgraded CanWest's credit from "speculative" to "highly speculative" and believes the company will be "in a negative cash flow" situation next year.
The DBRS says the problem is aggravated by a slowdown in advertising.

I'll add another factor: it's managed and staffed by some of the worst news managers in the business. Most of the managerial talent is long gone. There are a few very bright people left, but they're nowhere near the steering wheel.

Keep this in mind: CanWest still employs David Warren. 'Nough said.

2 comments:

bigcitylib said...

You might like this:

http://bigcitylib.blogspot.com/2008/11/another-canwest-columnist-another.html#links

Hopefully, Warren won't be there much longer.

Anonymous said...

I have seen the future for Canwest ...

http://www.nytimes.com/2008/11/30/opinion/30dowd.html?_r=1&em