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Canwest Global Communications files for bankruptcy protection.
(From Guardian Unlimited)
Canada's largest media company, Canwest Global Communications, has filed for bankruptcy protection as it struggles to unearth itself from a C$4bn (GBP2.4bn) mountain of debt.
The sprawling Winnipeg-based empire owns a range of broadcasting and print businesses, including the National Post newspaper, a conservative-leaning daily founded in 1998 by the disgraced media mogul Conrad Black.
Canwest's chief executive, Leonard Asper, said business would carry on as usual despite the legal process: "We are firmly committed to moving quickly to restructure the company and emerge from creditor protection financially stronger and more …
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