Thursday, May 13, 2010

Canwest newspapers profitable

Canwest shareholders newspapers making an operating profit of almost a million ever two days, yet Canwest shareholders voluntarilly filed the CCAA filing.
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Quote, "CanWest publishes 12 daily newspapers, most of which dominate their local markets, along with the National Post, which gives the chain its presence in Toronto. If the economy continues to rebound, analysts project these papers will churn out $200-million of earnings before interest, taxes, depreciation and amortization (or EBITDA) next year."