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CanWest filing for Chapter 11(bankruptcy protection)

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Last Updated on Tuesday, 06 October 2009 07:23 Written by John Bain Tuesday, 06 October 2009 07:11

The tallest castle in Winnipeg forgot to build a moat!

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From the CJOB SiteFrom the CJOB Site

CanWest filing for bankruptcy protection
CJOB News Team reporting
10/6/2009

CanWest Global Communications will seek court protection under the Companies' Creditors Arrangement Act.

The financially beleaguered Winnipeg-based company has been struggling under a mountain of debt for some time... and will file for creditor protection under a deal with a key group of creditors as it seeks Canadian court approvals for a restructuring.

Among the company's assets filing for creditor protection are Global Television, a number of other tv properties and the National Post.

CanWest has been selling pieces of its business in recent weeks to show lenders that it's making progress on reworking its operations.

 

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  • John Bain

    RT @Darcy_Lussier: Saw Mike Kelly at Earls on Main #Winnipeg ... its his new office :P

    by John BainJohn Bain Thursday, 11 March 2010 14:25

  • John Bain

    Wow i stayed up an extra 45 minutes past my bedtime to watch this..... where are my points ? Some of the talking point… http://disq.us/dk0cvhttp://disq.us/dk0cv

    by John BainJohn Bain Tuesday, 09 March 2010 00:57

  • John Bain

    come to the online #openyeg chat ... we have pr0n music too !

    by John BainJohn Bain Saturday, 06 March 2010 12:26

  • John Bain

    RT @bain19: RT @lincolnho: @whiteops@whiteops unlike how its now targeted at the senior citizen/ boomers #openyeg

    by John BainJohn Bain Saturday, 06 March 2010 12:17

  • John Bain

    #openyeg So many hurdles for goverment departments to give access to API's

    by John BainJohn Bain Saturday, 06 March 2010 12:01

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