CanWest Global Communications is a Winnipeg based media company whose assets include the National Post, Global Television and the likes of our very own Windsor Star.
CanWest Global, the owners of the Windsor Star, continue to face severe financial pressures.I checked globeInvester.com on Thursday June 25, 2009, and CanWest stock was trading at less than 15 cents. The company debt is somewhere near 3.9 Billion dollars, that is Billion with a B. Wow, talk about trouble.
Read my post of June 5, 2009 for some background on a missed interest payment of some $10 million.
Recent news indicates that CanWest management is asking employees to take a 5% wage cut. We know how difficult the Windsor Star headline writers, editorial page writers and opinion writers have been on the CAW regarding wage rollbacks. And, we know how badly the same folks over at the Windsor Star, have treated striking City of Windsor CUPE workers. I guess my question is, when are we going to see a headline or two, maybe a editorial or even a story about this concession request?
As well, maybe the business section of the Windsor Star can do an information piece on the financial situation at CanWest Global, and how it might effect the Windsor Star employees, and paid subscribers. The Star has managed to find time and space to write about CBC cutbacks, the layoffs at AM 800, and the problems over at A Channel.
Windsor Star readers should be kept informed.
