TORONTO -Details of Canwest’s debts to other companies outlined in creditor list. The list of debts filed on the website of Canwest Global Communication Corp’s court-appointed monitor as it restructures under creditor protection offer a glimpse into the accrued finances of this poorly managed Canadian media firm. that owns and manages also the National Post, the Montreal Gazette, Edmonton Journal and Ottawa Citizen dailies, and there’s been much speculation about the future of Canwest’s newspapers. The detailed list of nearly 1,000 bills and debts shows that the insolvent media conglomerate owes from a handful of dollars to millions to a long list of companies, including television production houses, taxi firms and a florist. Imagine that owning money to a taxi firm too.. Unbelievable. The bills are comprised mainly, but not solely of corporate expenses for a company that owns dozens of newspapers, the Global TV network, and web properties – now do stretch as high as several million dollars. The Winnipeg-based media giant has been unable to pay such operating expenses as it struggles with $4 billion in corporate debt. Canwest hopes to restructure its business and emerge from creditor protection by the end of January. ” In documents filed earlier this month, the court outlined stipulations that allowed Canwest to continue receiving services deemed essential to its operations, like television programming, while it restructures”
Let me be simply clear about it. I rightfully do along with many others have no respect to Canwest or any of it’s news media actual or supposedly credibility, and that of all of it’s affiliates now as well, when firstly they could not, cannot even properly manage their business, and pay their debts. Definitely they are unprofessionally managed. So how can they Canwest even exemplarily continue now try to present, write about any of the news occurring now too. How dare they also now hypocritically, write about, criticize any other firms, persons operation, related management too now as well when Canwest itself is, has been undeniably guilty of extremely poor management.