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CanWest Global Communications Corp.'s (CGS.A-T0.19----%) television and newspaper assets will likely be sold separately as Canada's biggest media company moves to satisfy its lenders.
Buried under billions in debt, CanWest filed for bankruptcy protection Tuesday, telling a judge in Toronto it was now insolvent.
These Asper family billionaire heebs lost BILLIONS on this! Lets hope we see many more of these bankruptcies coming down.
Posted : 06/10/2009 7:37 pm