CanWest, CRTC to talk foreign ownership

CanWest Global Communications Corp. has initiated talks with the federal government on a potential change of ownership as the company and its creditors negotiate a financial restructuring of its vast media properties. The company, which owns more than a dozen...

Glacier Media reports Q2 profit of $8.7 million

Glacier Media Inc. said Monday that it earned $8.7 million in its most recent quarter, down from $13.1 million a year ago. The publisher said the profit amounted to nine cents per share for the quarter ended June 30 compared with a profit of $13.1 million or 14 cents...

Creditors hire corporate fixer

Creditors have hired Harold (Hap) Stephen, a high profile chartered accountant known for leading reorganizations at struggling firms such as Stelco Inc., Algoma Steel Inc. and retailer Timothy Eaton Co. Ltd., to guide Canwest through its complex restructuring, the...