CanWest refuses to disclose what CHEK TV Victoria was sold for

CGS shareholders demand the sale price be disclosed to shareholders
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Reason for CanWest selling many TV stations has to do with the foul Goldman Altanis TV deal, that has all CanWest's Canadian TV stations being transferred (sold) at their rate of return, and not their asset value. A station like CHEK, operating at a loss, would be sold for zero, yet the land is worth several million, as a condo site. CanWest to avoid selling TV stations to Goldman for free, is unloading stations. Makes one wonder how the CRTC and CanWest Board representing shareholders best interests, approved such a Canadian TV sale transfer formula.

The Times Colonist Sat, Sept 5,09 headlines that "Local investors, staff buy CHEK" "CanWest said the undisclosed purchase price was "nominal"." The story stated that "the CHEK's Kings Road building was given a favourable lease." CanWest kept the land, at least. [Note, CHEK TV building was an example of neglect by CanWest management, in that the dish on top of the CHEK building, was covered in moss and grim, what could have been cleaning easily, was not. Derelict. Expect new owners to clean dirty dish on top of building, ASAP.]

The newstory concludes that the Conservative MP from Salts Spring "Gary Lunn flew to Winnipeg last month to speak with Leonard Asper in person and continued to lobby for the station [and other things][.]"