Canwest bankruptcy watch

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1weasel

Surely not the one that runs Cadillac Fairview, which locked out and sent termination notices to their unionized employees at the TD Centre in downtown Toronto?  I wouldn't trust that fund's management to change the editorial focus of the Post.

janfromthebruce wrote:
How about the teacher's pension fund backup?

Diogenes Diogenes's picture

So the bleeding of cash continues, but so does the National Post. What gives?

Here is an article that appeared in the Ottawa Citizen, courtesy of the National Post:

Israel announces partial settlement freeze

What the articles fails to mention is that this settlement freeze only last for 10 months and does not include nearly 3000 units already under construction or the exemptions in East Jerusalem.  It's a totally bogus offer, which is why it has not got much attention in the international press.

But the National Post soldiers on with its Asper inspired campaign of making aparthied Israel the saint amoung nations. What bullshit.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

I was offered a free three month subscription to the nazional post today, with no obligation, along with a twenty dollar gift card for the grocery store I was shopping in. 

They're awfully damn desperate for readers these days.

BTW, I told the lady trying to peddle their poison that I'd rather gnaw off my foot. That got a smile out of her, anyway.

Sky Captain Sky Captain's picture

Canwest is now owned by Shaw Communications, everybody. Have a nice day.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

...so despite the history of disaster involved, media concentration continues unchecked.

Sky Captain Sky Captain's picture

Not necessarily so, Lard. Not all new ownership or buyouts are bad.

al-Qa'bong

The problem isn't "new ownership," but control of the media in fewer hands.

 

Monoculture is no less poisonous to the media as it is to any other field.

George Victor

I'll bet the Cap'n can tell us what constitutes "good>"   :D

Sky Captain Sky Captain's picture

George Victor wrote:

I'll bet the Cap'n can tell us what constitutes "good>"   :D

 

I'll bet you can tell me how you would be able to afford running a media company like Canwest? At least, it's in Canadian hands; if things had gone the way they would have, it would have been in American hands instead. So no, this is not really the best option, but for now, at least it isn't truly bad. Oh yeah, let me guess; you were hoping Canwest would split into separate component parts, each part owned by media collectives/trusts? Dream on. Or better yet, give me a realistic way of how the various parts of Canwest post-breakup would, and could, exist? Especially the TV stations and specialty channels.

George Victor

Bet you can also tell us what television should be doing for a would-be sovereign country after your smug "for now", say, in the long run, Cap'n...what the kids will have to deal with?  I mean, beyond its commercial viability, its democratic responsibility, aspects so demonstrably important to Shaw et. al.

al-Qa'bong

Quote:

At least, it's in Canadian hands...

That's what they said when Lord Tubby injested Southam Inc.

Fotheringay-Phipps

So Shaw is buying Global so they can get content for their wireless network-to-be. Do these idiots never stop chasing convergence? It's the crystal meth of media companies. You overpay for content providers that nobody reads/watches in the belief that if the content is provided on another platform it will magically become irresistible. Dump your Shaw stocks pronto. Btw, I see Tim Horton's is buying their own stock back, another symptom of management that's run out of ideas. Dump your Timmy's stock too.

Timebandit Timebandit's picture

I don't think it's so much about convergence - there's lots of talk but SFA re: a strategy for monetizing.  Here's a related discussion:

http://www.rabble.ca/babble/media/canwest

George Victor

Come in Cap'n... Cap'n?   Gaia I hope he's not flying blind in a fog of delusion.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

Sky Captain wrote:

Not necessarily so, Lard. Not all new ownership or buyouts are bad.

I'm guessing you know this one is, or you'd be proclaiming why it's not.

Sky Captain Sky Captain's picture

I put the question to you guys & gals first: I'm awaiting my answer. This issue of what Canwest should be is a lot more complex than just 'it should just die and go away' or who should own it, and it will have to be arrived at realistically as well. And no, Lard/George Victor, I really don't know what the answer is either. But you guys sure seem to, by the way you've all been talking about it. So, what are your solutions?

 

George Victor

Once upon a time, before Neo-con, the Canadian people were served by a national radio/TV service that was established by the Neo-cons predecessor, the Progressive neo-cons, in 1936, in a desperate attempt to stay in power after helping usher in 25 per cent unemployment (a central bank and Canadian airline were also birthed a display of state intervention aimed at national survival. )

Now the national service is being starved into oblivion by people who couldn't give a fiddler's fart about an informed nation, independent of the commercial drool offered by the CanWests.  The answer is to return to a mixed economy and a healthy radio/TV service on the public dime (far, far less than the Brits pay for the very best in news and entertainment and a healthy industry. ) As for the newspapers, it is possible to sell them independently as NECESSARY elements for healthy civic journals that allow  citizens to appreciate municipal institutions and functions.  A mix of opinion made available.

Oh I know, all pie in the sky democracy and citizenship, but it must be resulved by a public demanding those things. Left to commerce, we become even more ignorant and vulnerable to the make-believe world of the power brokers. Or are you willing to leave our future up to the responsible folks at Shaw et. al? Is the bottom line the only consideration for you folks? (Back to you Cap'n)

Sky Captain Sky Captain's picture

George Victor wrote:

Once upon a time, before Neo-con, the Canadian people were served by a national radio/TV service that was established by the Neo-cons predecessor, the Progressive neo-cons, in 1936, in a desperate attempt to stay in power after helping usher in 25 per cent unemployment (a central bank and Canadian airline were also birthed a display of state intervention aimed at national survival. )

Now the national service is being starved into oblivion by people who couldn't give a fiddler's fart about an informed nation, independent of the commercial drool offered by the CanWests.  The answer is to return to a mixed economy and a healthy radio/TV service on the public dime (far, far less than the Brits pay for the very best in news and entertainment and a healthy industry. ) As for the newspapers, it is possible to sell them independently as NECESSARY elements for healthy civic journals that allow  citizens to appreciate municipal institutions and functions.  A mix of opinion made available.

Oh I know, all pie in the sky democracy and citizenship, but it must be resulved by a public demanding those things. Left to commerce, we become even more ignorant and vulnerable to the make-believe world of the power brokers. Or are you willing to leave our future up to the responsible folks at Shaw et. al? Is the bottom line the only consideration for you folks? (Back to you Cap'n)

 

Good proposal.

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