Thursday, October 8, 2009

Scotiabank-led team to control Canwest dailies, the Globe and Mail says

A group of creditors led by Bank of Nova Scotia will run the daily newspapers owned by Canwest Global Communications Corp, which announced a long-awaited recapitalization plan this week, the Globe and Mail reported on its website. Canwest LP, the Canwest subsidiary that owns the dailies, in the next few weeks is planning its own debt-for-equity swap, which is likely to include another court filing for creditor protection, the paper

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