Friday, January 8, 2010

Canada's largest media group, Canwest Global Communications, files for bankruptcy protection

Proving that the newspaper industry's woes are not isolated to just the United States, Canada's largest media group, Canwest Global Communications Corp. announced that it had filed for bankruptcy protection for its newspaper division and began the search for a buyer.

The Winnipeg based media giant publishes The National Post, as well as the Montreal Gazette, Ottawa Citizen, Calgary Herald, Edmonton Journal, Victoria Times-Colonist and Vancouver newspapers, the Sun and Province.

Update: Spelling corrected thanks to Anonymous reader.