Talk:Canwest

Shouldn't there be something in the article about Canwest Global and Goldman Sachs buying Alliance Atlantis? Tomcat335 22:44, 11 February 2007 (UTC)

Done and done. JacobTwo 04:18, 18 February 2007 (UTC)

CanWest owns The New Republic magazine

It should be stated that CanWest now holds a major share of The New Republic magazine (TNR) in the United States.

This link addresses the changes at TNR: http://www.politico.com/news/stories/0207/2878.html

BlueVet --BlueVet 20:14, 24 February 2008 (UTC) —Preceding unsigned comment added by BlueVet (talk • contribs) 22:13, 21 February 2008 (UTC)

Move request

I think the article should be renamed "Canwest" (or go back to the old name). Only an admin can do the move, I think. --Rob (talk) 21:51, 10 May 2008 (UTC)

the best way to talk about bankruptcy

I think we can all agree that the company has finally made the sane move and filed for bankruptcy protection after several years of denial and some degree of honest effort on the part of Mr. Asper. Global and the National Post will very likely now be put up for auction. (If you don't like the expression "put up for auction" then all I can say is I'm sorry you're upset but seriously, you might not actually understand what's going on here.)

In light of this situation (i.e. the largest media bankruptcy in Canadian history, which is getting coverage in newspapers worldwide), do you think it might be helpful to expand on the topic beyond the following sentence? (which btw violates wikipedia standards - subject of article is not allowed to edit article on self, whether it's an individual or a corporation).

Since October 2009, the company has been operating under creditor protection as part of the process to recapitalize the company.[2][3] —Preceding unsigned comment added by Mardiste (talk • contribs) 01:23, 8 October 2009 (UTC)

Not bankruptcy, creditor protection, completely different things.  єmarsee  • Speak up! 00:11, 10 October 2009 (UTC)

The above post clearly has an agenda, so why is this not being pulled also?

Fred C. has left this post with an agenda stay. Quote: "[W]e can all agree that the company has finally made the sane move and filed for bankruptcy protection after several years of denial and some degree of honest effort". It would be dishonest of wiki posters to say this (allow this spin) and then censor facts that say different.

Please explain. --Haida chieftain (talk) 17:25, 24 December 2009 (UTC)

It would be inaccurate to call it bankruptcy protection since there is no such thing in Canadian law.

What is bankruptcy protection?

Canadian companies don't actually file for "bankruptcy protection" when they go to a Canadian court to seek protection from their creditors. They do file for protection from their creditors under the inelegantly named Companies' Creditors Arrangement Act. That's a federal law that basically gives a company time to try to work out its financial difficulties with its creditors.

http://www.cbc.ca/money/story/2009/01/14/f-bankruptcyprotection.html It's obvious you have an anti-Canwest agenda when you're spewing paragraphs on their supposed "writedown".

 єmarsee  • Speak up! 17:42, 24 December 2009 (UTC)

Elen of the Roads writes -- This information appears to be either unsourced or out of date. Discuss what part of it to add on talk page please.

Fred C. censoring CanWest sharehodler facts too, writes facts are unreferenced, and far too specific.

Like to respond with a question. Are you suggesting that these facts are not true? Please apprecaite these CanWest stock info is directly sourced from CanWest financial filings. Appreciate that CanWest is a stock, share info is what CanWest is. Use the words "as at" to start description of amounts of CanWest shares, as this is how CanWest states it, in its 2009 Annual Report, page 27.

Requesting that Fred C. and Elen of the Roads, respond. The facts are sourced; if you say the facts are unsourced explain. Please demonstrate to wiki readers that you can access CanWest's financial information. No right to censor CanWest shareholder info, if they cannot access basic, rudimentary investing facts. Source: CanWest shareholder info facts at SEDAR http://www.sedar.com/

Test, simple task to confirm certain pages in 2009 CanWest Annual Report are blank: pages 28 and 30. Confirm that page 27 only has the share amounts on it, and the page is blank otherwise. Share amounts referenced here. Confirm that page 28 and page 30 in the 2009 CanWest Annual Report filed on Sedar are blank also. Please demostrate to wiki readers that you can access CanWest financial statements; Waiting. —Preceding unsigned comment added by Haida chieftain (talk • contribs) 19:17, 30 December 2009 (UTC)

It's not Wikipedia's duty to be a directory. I believe this would fall under WP:NOTDIR#3. If people wanted to find Canwest's financial statements, they can find them on Canwest's website or SEDAR. It's not that hard. It seems you have a habit to insert fringe information into Wikipedia. If you look at other companies articles, you will find there isn't a section dedicated to resummarizing their annual reports. This article doesn't need a re-summarization of the publicly accessible annual reports.  єmarsee  • Speak up! 19:27, 30 December 2009 (UTC)

To explain, what I can't see is why you want to put this info in the article. The financial statements are a primary source. If you want to make some point (second biggest company making widgets in Nebraska, engaged in dodgy practices on Wall Street or whatever), make the point and support it by adding a secondary source - the financial pages of a newspaper or similar. Don't just dump all this info in the article. You can add links to the financial statements in the external links section. Elen of the Roads (talk) 20:10, 30 December 2009 (UTC)

CanWest is proceeding into a reorganization, as authorized by the Company: CanWest shareholders have a right to complain. CanWest shareholders demand the approach that CanWest debtholders file the petition.

"Liquidation Event" means, where proceedings are being taken for a bankruptcy, insolvency, liquidation, dissolution or winding-up of the Corporatio whether voluntary or involunatary, or any other distrubution of assets of the Corporation among its shareholders for the prupose of winding up its affairs, the earlier of:(a) proceedings are first authorized by the Corporation,or (b) proceedings are being taken by any Person other than the Corporation [Definition from CanWest Schedule A Terms and Definitions for special shares, Sedar filing Dec19,05, Security holders documents English]

Encyclopedia ethics require that the germaine facts must be presented, unobscurted. The facts telling the history of the bond series taking over CanWest, and Canada's flagship newspapers, is a CanWest encyclopedia fact worthy of citing for wiki readers. Of interest to humanity. The real interest rate is 12 1/8% -- were junior, made senior -- 200 million in extra free bonds issued to these bondholders for interest rate reduction -- bond agreement (purchase agreement between Hollinger and CanWest) had CanWest purchase interest, currency swaps that lost CanWest hundreds of millions -- true interest rate is not 8%, as being reported -- important aspect of the bonds are the bonds are restricted, not registered in Canada or the US. Right to cite that these bonds from hollingers sale of Canada's newspapers, are retaking Canada's newspapers. For wiki not to cite this, would retard Canada, and would go against Canada's national security. CanWest balance sheet had cash reserves. It is a fact that as the 8% bond holders claiming CanWest, have been paid back over 400 million dolllars, and yet CanWest sharehodlers are still handing over the entire company almost to them. Not understanding why CanWest had 700 million in cash, and CanWest shareholders are surrendering. Currupt when Asper makes this deal, and gets a special ownership deal in the new CanWest.

PS. Thank you Emarsee, for agreeing that the CanWest facts, being censoring are sourced on Sedar. Sorry Elen of Roads, Wiki readers cannot link to specific Canadian securities filings directly, as Sedar is a closed to web links (can only link to Sedar.) Welcome your copy edit. Thanks again for agreeing that the facts are sourced. --Haida chieftain (talk) 21:50, 30 December 2009 (UTC)

If the details of CanWest's debt transactions are that significant to the reader, then they'll have been covered in secondary sources. Can you point to an article in a secondary source (a newspaper, Maclean's, etc.) that has covered it? I wish that debt restructurings—or even C$400 million payments made on debt in default in the course of restructuring it—were unusual, but they're not. What makes this debt transaction unusual—and can you explain it with analysis in an independent source and not your own analysis? —C.Fred (talk) 23:14, 30 December 2009 (UTC)

Agree. Do not add this mass of primary information, and do not draw your own conclusions about it. If it's more suspect that your average business dealing, there will be secondary sources.Elen of the Roads (talk) 23:53, 30 December 2009 (UTC)

CanWest's 2.3 billion sign-off to Goldman Sachs, a sweetheart deal for investment bank so says CanWest

Goldman Sachs saying CanWest restructuring is fishy; has CanWest saying CanWest Goldman Sachs Canadian TV consolidation fishy -- loving it.

http://www.theglobeandmail.com/blogs/streetwise/canwest-beats-back-goldman-sachs/article1401779/

Quotes from article: Among other requests, Goldman wanted the opportunity to examine many of CanWest’s senior executives and directors under oath, in its law firm’s office, a prospect Justice Pepall termed “enormously disruptive” to the restructuring. Wow, free pass.

Ownership of this division was set up in 2007 as part of CanWest’s $2.3-billion acquisition of Alliance Atlantis Communications Inc. CanWest has since come to view the arrangement as a sweetheart deal for the investment bank. However, Goldman still enjoys a number of rights under the 2007 deal, including the ability to sell CW Media. Not a 2.3 billion dollar acquistition (less then that), better way to describe acquistition, Goldman Sachs given puts, right to sell Goldman Sachs Canadian TV stations to CanWest.

CanWest email conforming that 8% bondholders transferrred 426 million. It is a legitamate question: Exactly how much debt is being exchange for 97.5% of CanWest shares, in a cash stripped CanWest. CanWest sent out a forward looking cashflow statement, claiming CanWest cash holdigs would be negative in the future, and neverfore needed to file for creditor protection, but did not include in its cash this amount, and the rest of the sale proceeds of its Austrialian TV network.

Dear Neil,

I have attached the release we issued on September 23, 2009 when we announced the sale of our shares in Ten Network Holdings.

In response to your question what happened to the rest of the proceeds, as the release indicates CDN$426 million was deposited with the trustee for the benefit of the holders of the 8% senior subordinated notes.

Regards Hugh HHarley@canwest.com --Haida chieftain (talk) 18:46, 2 January 2010 (UTC)

Question to Fred C. and Emarsee. Why are you censoring how CanWest distrupted its final cash reserves. Your censorring of CanWest vital shareholder facts, reminds me of reading a CanWest newspaper, and the intentional lack of content to misinform. Why is wiki not citing the 426 million payment to 8% bondholders? Wiki welcomes debate, and respects that the ownership change in Canada's newspaper monopoly, is a Canadian national security issue. Computer encyclopedia guardians please explain your censoring/misinform. --Haida chieftain (talk) 18:54, 2 January 2010 (UTC)

According to whom is Canadian national security jeopardized because Canwest did not completely default on its bonds? That's the crux of the problem: you have gone only to primary sources and then synthesized commentary about the actions. (Further, see the question I asked above, which you have not answered, about the debt repayment.) —C.Fred (talk) 19:24, 2 January 2010 (UTC)

Wikipedia is not a place to proclaim The Truth (TM), it is a repository of secondary insight. If you want to inform shareholders of what you believe is happening, start a blog. If the financial press pick it up, it will make it into Wikipedia. Elen of the Roads (talk) 20:40, 2 January 2010 (UTC)

Again wiki's CanWest Restructuring and creditor protection lead line in error. False wiki fact: Canwest's various acquisitions took a significant financial toll. Intentional misinformation. Name any other major acquistion by CanWest. CanWest is an example of a repo; The foreclosing debt is vendor financing debt from CanWest buying Canada's flagship newspapers. Do not expect Canadian newspaper cartel to disclose the revealing CanWest financial facts, so no newspaper clippings Elen of Roads. CanWest soupboxes of soupboxes. Its reality that CanWest is a news disclosure monopoly, and is thee secondary source of the written word up here in Canada, eh.

Name the other significant acquistion besides the granting Goldman Sachs the long term put to sell their 2/3 interest of Atlantis Canadian TV network to CanWest? Are none other acquistions, error exposed, so discussion censored. Onus to show the other acqusition.

--199.60.104.100 (talk)

The article already mentions acquisitions of domestic and international broadcasting operations. —C.Fred (talk) 21:15, 5 January 2010 (UTC)

"I can't say that a consensus of editors will support the change so it gets made in the article. However, if you do that and remain civil, it will show that you're working in good faith to improve the article—and constructive editors acting in good faith don't get blocked." Thank you.

Source documentation request. The article already mentions acquisitions of domestic and international broadcasting operations. No it doesn't; Please list them in this discussion. Yes there is lots of dispositions: New Zealand, and Austrailian, and Irish CanWest operations were sold, not acquired. Source needs to be referenced for the second significant acquisition of a large monetary nature. Wiki rules are if not sourced than cannot say various acquisitions. Rules are if not sourced, will change tommorrow.

Next hiden wiki CanWest fact for debate. Interested readers of CanWest facts deserve context when told that CanWest net income is minus one billion; should not be deprived (the soucred fact, indisputable) that the net income irregularity is actually a hypothetical billion dollar goodwill write down. Encolypedia obligation extends to disclosing that goodwill credits orginated from vendor financing repo. Revenue Canada not impressed with companies, especially newspapers, selling themselves in semi arms length transactions, and registering the debt abroad to avoid taxes. The billion dollar Canadian newspaper goodwill writedown and CanWest balance sheet goodwill tax loss credits could be quashed, as the vendor's write down and sale, of the vendor financing agreement, reduces the sale gains for taxman to balance goodwill credits given CanWest. A vendor not entitled to goodwill tax loss credits from their own vendor financing deal, cheat tax mechanics. One vote for disclosing CanWest's hypothetical billion goodwill write down on wiki. --Haida chieftain (talk) 23:56, 5 January 2010 (UTC)