Posts Tagged ‘Aspers’

Helping friends in need

By Jonathon Gatehouse and Philippe Gohier - Thursday, April 2, 2009 - 4 Comments

Suddenly, Ottawa seems eager to restart an old battle

Helping friends in needIt’s a rather inauspicious date, but construction work on the Canadian Museum of Human Rights in Winnipeg is scheduled to begin April 1. There won’t be a lot of fanfare—an official groundbreaking ceremony was held just before Christmas. Heritage Minister James Moore made the trek to the frozen site at the forks of the Red and Assiniboine rivers. So did Prime Minister Stephen Harper, who paid tribute to the late Izzy Asper, the man whose audacious dream is about to become a reality. The $265-million project will be the “capstone” on the legacy of the founder of Canwest Global Communications, he said, while Gail, Asper’s daughter, proudly looked on. In creating the first national museum outside of Ottawa, the Conservative government has pledged $100 million toward construction costs, and a further $21.7 million a year in operating funds, in perpetuity. But when it comes to helping the Asper family secure its dreams, it appears the feds may still have more to give.

As Canwest, owner of 13 daily newspapers and two Canadian television networks, flirts with bankruptcy, approaching yet another make-or-break deadline with its creditors on April 7, Ottawa is readying a lifeline. Last week, Moore confirmed that the Harper government is looking at loosening broadcast regulations and changing tax rules to help give the company, and other struggling private broadcasters, some relief. And while the heritage minister was quick to add that no specific promises have been made, it’s clear what the networks have on their wish list—a reversal of CRTC policy that would see cable and satellite providers pay them “carriage fees” for the basic TV channels they now pass on for free. That arrangement would net the broadcasters an estimated $300 million a year, perhaps directly out of consumers’ pockets.

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  • Nine candles and ten months

    By Paul Wells - Sunday, August 3, 2008 at 11:56 PM - 0 Comments

    This excellent article in the Globe and Mail, bearing the fingerprints of no fewer than five reporters, details CanWest’s difficulties and suggests two possible solutions: the Aspers, and apparently Leonard more than the others, might take the company private; and the company might cut the National Post loose. Senator Jerry Grafstein is listed as a possible buyer.

    This news has already inspired the usual snickering from the usual suspects. It’s unfortunate that, along with the rest of their yeoman labour on this CanWest story, the Globe‘s armies weren’t also able to do what Richard Pérez-Peña, a very fine New York Times reporter working these days on the media beat, was able to do singlehandedly: put the troubles of one media corporation into a little perspective. A lot of media companies are in profound trouble — Pérez-Peña cites several cases of market capitalization falling by more than 90% in a year and a half. So several of the English-speaking world’s most venerable news outlets could be bought for a song tomorrow, if only any buyer could believe they won’t simply decline in value still further. Continue…

From Macleans