Friday, October 16, 2009

Canwest could fetch more than $1 billion for newspapers, say industry observers

Canwest Global Communications could fetch more than $1 billion for its newspaper assets - including the National Post - as signs of life in the finances of the newspaper industry drive up interest in acquisitions, industry observers suggest. hris Diceman, an analyst at Dominion Bond Ratings Service, believes if Canwest moves ahead with rumoured plans to sell its newspapers, it could pull in between $600 million and $900 million for the lumped together assets in a first round of bids.

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