Canwest gets court protection from creditors

06 Oct 2009

Canwest has obtained court protection from creditors for several of its business units, including the National Post and Global TV. The Companies' Creditors Arrangement Act (like Chapter 11 in the U.S.) buys time for debt reorganization -- a process which has occupied Canwest for more than a year as its media companies struggled with the pullback in advertising dollars. The CCAA order does not a

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Jim Townsend