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CanWest Bankrupt - More Dragged Down? Another Madoff?
Canwest close to collapse: Report 

http://www.cbc.ca/canada/manitoba/story/2009/02/20/mb-canwest-bankruptcy.html

From: Kixi____@hotmail.com
Newsgroups: can.politics,,calgary.general,bc.politics
Subject: Good News: CanWest Global Teeters on Edge of Bankruptcy
Date: Thu, 9 Apr 2009 08:52:02 -0700 (PDT)

Although CanWest's demise is being blamed on the "deep recession", its
troubles go back to when our economy was booming. Their problem is in
part due to more and more Canadians finding their products irrelevant
as they turn elsewhere for news and opinion.

Jew controlled CanWest have been in cahoots with the Harper government
in their reporting of issues like Galloway and Gaza. More and more of
us know that a more informative perspective on on jew-related issues
is to be found elsewhere.

----------------------------------------------------------------
Reuters

April 9, 2009 at 10:26 AM EDT

CanWest, which owns the Global TV network as well as a stable of daily
newspapers across Canada, is struggling with a debt load of about
$3.7-
billion in the midst of a deep recession.

CanWest is controlled by the Asper family of Winnipeg. Aside from
Canadian newspaper and TV assets, it has television holdings in
Australia through its stake in Network Ten.

http://business.theglobeandmail.com/servlet/story/RTGAM.20090409.wcanwest0409/BNStory/Business/home

Does the pending bankruptcy, as defined under Canada Bankruptcy Act,  
affect shareholders in the banks who are now on the hook for up 
to $3,900,000,000.00?

Since the banks do not want to refinance all these questionable loans,
does this mean that this week the whole bubble is bursting, leaving
all the suppliers S.O.L.? And the banks - RBC + BNS - also in trouble
now?

Tuesday 7 April is supposedly the deadline for the Aspers to find
other financing, otherwise the banks take over the whole mess!

Apparently, the banks gave the Asper ZYDS another 2 weeks, to 21
April, before they take over.

What about all the suppliers, worldwide, now on the hook for many
millions? Will they also be forced into bankruptcy, laying off more
thousands of workers?

What about suppliers and other creditors of all the 
TV stations and newspapers in the CANWEST GROUP - 
in Canada and overseas?

Global TV stations in Canada
In New Zealand - TV3 & TV4
In U.K. - CanWest Entertainment
In Australia - TEN TV
In Eire - TV3
In Ulster - Ulster TV

In Canada - WIC - Western International Communications

In Canada - CanWest Publishing, including:
National Post
Calgary Herald
Edmonton Journal
Vancouver Sun
Vancouver Province
Saskatoon Star-Phoenix
Regina Leader-Post
Montreal gazette
Ottawa Citizen
Victoria Times-Colonist
Windsor Star

Plus:
Flyer Force [ no loss to homeowners not wanting all the junk flyers!]
USA - New Republic

Why are no charges yet laid against the so-called auditors, 
who fabricated the financial statements for  CanWest Group 
the past few years, to hide the true financial position of the 
Asper bubble? Does C.A. stand for "crooked accountant"?

How safe are investors in Bank of Nova Scotia and RBC, 
now that the banks will lose more hundreds of millions of their money?

Is this just one more "Madoff" type of scam, by same type of scum?

And, NOT ONE PENNY OF TAXPAYER MONEY TO GREEDY ASPERS!
Let them all go bankrupt, and then get prosecuted for looting the
businesses.

PM Harpo is being pressured by the ZYD lobby to use taxpayer dollars
to bailout this ZYD conglomerate, as has been done in Europe and USA,
just for ZYD businesses, using YOUR taxpayer dollars!
Just like the AIG scam!!


On Fri, 27 Feb 2009 15:37:07 -0700, DeoVindice  wrote:

>CBC News report that CanWest Group are expected to possibly go bankrupt, 
>due to drastic drop in revenues at both their TV stations operating as Global
>TV, and their newspapers, especially National Post.

>Apparently the Aspers are not as smart as they believed themselves to be, and
>advertisers and subscribers got fed up with their pro-zionist pandering and
>stayed away in droves.

>Hopefully some of the ex-staffers from the Asper news empire, who used to do
>investigative reporting, will now seize the opportunity to make public the real
>background stories of the collapse of the Asper empire.

>Extracts from the CBC news story follow:

>The Winnipeg-based company, carrying a $3.9-billion debt load overall, is riding
>a deadline for renegotiating terms of a debt that represents a small portion of
>its total debt.

>The DBRS rating agency said that if Canwest fails to renegotiate or repay about
>$100 million it owes by the end of the week, then the company would be in
>default.

>DBRS has also placed Canwest under further review on concern it is not currently
>in compliance with bank covenants regarding a $300-million credit line.

>Canwest has been struggling to sell several of its non-core assets in an 
>attempt to pay off its debts, incurred as a result of major acquisitions of the
>former Southam newspaper chain in 2000 and the Alliance Atlantis 
>entertainment company in 2007.

>Earlier this month, Canwest placed its five E! network conventional television
>stations on the block, though none has yet sold.

>Sure looks like the group is headed for Bankruptcy Court......
>including TV stations, newspapers, etc.