Canwest puts papers up for sale
Special to The Canadian
Canwest Global Communications Corp. announced it is seeking buyers for its newspaper publishing unit at the same time as it requested creditor protection for the division.
In a Toronto courtroom on Friday, the Canwest Limited Partnership, which holds all of Canwest’s newspaper and online operations, filed for creditor protection under the Companies’ Creditors Arrangement Act.
The Winnipeg-based company’s main television assets were put under court protection in October, but thus far, the publishing assets have operated outside that process.
Along with the creditor protection filing, a group of the media conglomerate’s lenders…
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