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Post-poned

CanWest’s flagship newspaper survives latest hurdle


 

An Ontario judge has permitted CanWest Global Communications to move the financially-battered National Post newspaper into a holding company that also includes the media giant’s city dailies, including the Ottawa Citizen and Vancouver Sun. The approval effectively saves the Post from shuttering–for now. A lawyer for the company argued that the Post and the CanWest city newspapers are so deeply intertwined that allowing the nation paper to close might scuttle restructuring plans for the whole company.

Canadian Press


 
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Post-poned

  1. Gosh, I wish I could lose almost a hundred and fifty million dollars over the lifetime of my enterprise and keep on going.

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