02 February 2009

Poor, poor Canwest

What's the organ of the Conservative Party of Canada to do?
The financial screws appear to be tightening on Canwest Global Communications.

The company says its Canwest Media division may not be able to comply with debt obligations for its fiscal second quarter, which runs from December through February.

The Winnipeg-based owner of the Global television network, the National Post and an array of big-city Canadian daily newspapers says it believes it will be able to continue to operate normally through the present quarter.

In a statement, however, Canwest says it will "actively pursue opportunities to divest of non-core operations and assets."

Perhaps they can appeal to their leader for a bailout.

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