Canwest’s would-be suitors

Since October 2009, one of Canada’s largest international media companies Canwest, owner of several BCYCNA member newspapers, has been operating under creditor protection as part of the process to recapitalize the company.

Some analysts expect that the media conglomerate will sell assets or be broken up entirely as the restructuring process continues, in part because the publishing division has a separate set of lenders. The Financial Post, a Canwest subsidiary, came out with an article with possible suitors for the struggling company – it was posted on thevancouversun.com this week. Some of these potential buyers include Quebecor Inc., Transcontinental Inc., Alberta Investment Management Corp. (AIMCo.) and Glacier Media Inc.

For a full list of the would-be buyers pros and cons – click HERE.