http://www.theglobeandmail.com/servl...Story/Business
"The worst-case scenario is now factored into CanWest's valuation. Debt trades at prices that mirror what DBRS calculates creditors would receive in a bankruptcy filing. The company's equity is worth just $51-million, compared with a market capitalization of $1.5-billion four short years ago. All signs point to a wrenching restructuring at CanWest before this recession is over."
Humm... Ok..translation please...
4 years ago the market cap was $1.5 billion and now it is $51 million??
Also somewhere I recall that the gross for chch was $110 million with a net of about $8 mill on that? Maybe it was for something else.
Canwest over did it when they went for Alliance-Atlantis for , what was it 2 +billion??
There is no OTA channel that is a news/weather that CHCH could do, chch will not close for along if at all, it does have significant value, mainly because of the prox. to Toronto.
It really could become a community station just like the way that the cable 10 stations use to be, but reception by antenna.
mic67