Wednesday, May 12, 2010

Insider information

Canada's newspapers sold with no consideratin that the newspapers mold Canadians understanding of Canada and the economy
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"The winning bidders, led by Canadian media executive Paul Godfrey, figured the assets had a better upside. Using a $700-million loan supplied mostly by JPMorgan Chase & Co., the unsecured creditors and Mr. Godfrey submitted their knockout bid at the last minute."