Friday, January 16, 2009

You Read it Here First

Globe and Mail columnist describes Canwest as "in its death throes", while an analyst he quotes says Bay Street expects (among other things) restructurings, asset sales, and lobbying for regulatory relief. The only regulatory relief that can help this company dodge bankruptcy is to drop foreign ownership rules related to media companies. Harper's dropped some big hints that he's willing to think about it, and the Aspers -- and their media -- have firmly latched themselves to Harper's star.

3 comments:

Werner Patels said...

The sooner they sell the National Post, the sooner it can be turned into a real newspaper. There is room for two national newspapers, but right now we have only one (G&M) that actually warrants the title "newspaper". (Hint: The other one, NP, has been classified by Industry Canada as "coarse toilet paper".)

Anonymous said...

Well, the Globe doesn't seem to be doing very well either with the latest announcement of staff cuts.

http://www.cbc.ca/consumer/story/2009/01/09/globe-buyout.html?ref=rss

Anonymous said...

http://www.winnipegfreepress.com/breakingnews/Canwest_eliminates_morning_and_noon_newscasts_at_Global_Toronto.html