An Ontario judge has approved a proposal by CanWest Global Communications Corp. (CGS-T0.24----%) to shift its flagship National Post newspaper to a subsidiary that contains the company's other newsprint assets, such as the Vancouver Sun and Ottawa Citizen.
Had this not gone through, the paper that budgies won't crap on, that dead fish refuse to be wrapped in, would have folded at the end of today.
Although I'm glad for David Akin.
I said yesterday I wouldn't celebrate prematurely.
ReplyDeleteI'm not quite clear how the case was made that this move will make any kind of difference, but then I don't know what this...
"The newspapers have numerous shared services contracts among them, which result in cost savings for the print subsidiary."
...really means. I'm pretty sure The National Post can't be run any more cheaply.
Oh well. Since CanWest's newspaper division is expected to file for creditor protect soon as well, I guess trying to make sense of all of this is probably a waste of time. Maybe they're all just hoping for a better seller's market for newspapers.
*snort*
Had this not gone through, the paper that budgies won't crap on, that dead fish refuse to be wrapped in, would have folded at the end of today.
ReplyDeleteProbably would have been best if it did, for those of us who are 'not' of the far-right persuasion.
/btw I 'LOVED' how you put that. :-)
Don Martin is a far right columnist? Is he aware of this?
ReplyDeleteTG,
ReplyDeletenot having a premature reaction, hard to believe.
Darn lawyers protecting their branded products...hard to imagine.
TG fyi they have products to help with your problem btw. goodluck
I'd feel flattered if CanadianSense's spermy allusions were crafted just for my own benefit, but basically he writes that comment hundreds of times a day, at every Liberal blog he trolls.
ReplyDeleteMake yourself useful, Crackpot. Explain what sense this shift makes.
Perhaps it's just a case of the judge wanting to let them try anything to save all those jobs.
ReplyDeleteHmmm....do they have staff? Seems they use right wing BT bloggers to write articles - judge aware of this?
Ti-Guy - looks like CS is trying to push your buttons again.
someone hand CS a box of Kleenex!
ReplyDeleteCS's comment is just so stupid, since I indicated yesterday that I'd celebrate the demise of The National Post when it actually happened.
ReplyDeleteThat's not usually how people who are given to premature reactions behave.
Hate to say I told you so
ReplyDeleteTG,
ReplyDeleteHakun matata its all good here. You?
I am busy being impressed the Liberal Juggernaut posting those incredible financial numbers for Q3.
Look like Rossi may need some references soon. His total numbers are up but his average is down 30-33% for small donation 20-200 and his big donations avg is down nearly 10%.
Cheer up I am sure 4th qtr will be better.
"
ReplyDeleteI am busy being impressed the Liberal Juggernaut posting those incredible financial numbers for Q3"
Hey, that must be a new oxymoron . . .
"Liberal Juggernaut"
That's a good one.
Thesis:
ReplyDeleteRight wing propaganda rag, created by right wing robber baron, now in jail, goes tits up. Associated right wing media empire billions of dollars in debt, dying.
Antithesis:
Look at Liberal Party munees! Haw Haw Haw...*drool*
Synthesis: Right wing media causes brain damage.
Perhaps the judge accepted this because they are removing some debt from an entity they no longer control & and assuming it where they still run things [for the time being]
ReplyDeletePerhaps these guys will get some cash --
http://ottawawatch.blogspot.com/2009/10/they-owe-money-to-everyone.html
Well, it's official - the court has now ruled that the National Toast can take the rest of the old Southam chain down with it. Au revoir Montreal Gazette, Ottawa Citizen, Vancouver Province, Vancouver Sun, Edmonton Journal et al. All so the Aspers can continue the conservative tradition embraced by Conrad Black of throwing good money after bad to try to get the government to do what they want.
ReplyDeleteThe National Post was never at risk of closing down.
ReplyDeleteThat should have been obvious when they went into agreement with CBC on Oct 1....just wishfull thinking and maufactured gossipy stories for the media wanting to scoop up the Post's market share.
''CBC and National Post announce content sharing agreement
TORONTO, Oct. 1 /CNW/ - The Canadian Broadcasting Corporation and the National Post today announced an agreement which will allow both organizations to share content across their respective media platforms. The agreement is effective immediately.''
Wilson
ReplyDeletethe left are having a terrible month, we should let them have some hope. (Even if borders on delusional)
Wilson and CS...69 each other somewhere else. This is a family blog.
ReplyDeleteTG,
ReplyDeleteinteresting request is it possible you should hit "T" by mistake in your name with "B"?
Just an observation after your numerous comments about fluids and positions.
Is MI photogenic?