CanWest’s $2.3-billion sign off to Goldman Sachs. CanWest has since come to view the arrangement as a sweetheart deal for Goldman Sachs

Canadian Nationalism being interfered with in Canada's free press -- Freedom of press makes or breaks a Nation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ http://www.theglobeandmail.com/blogs/streetwise/canwest-beats-back-goldman-sachs/article1401779/
Globe and Mail dec15 quote -- "CW Media not included in CanWest’s court-supervised restructuring. 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."



CanWest Global owning Canada's flagship newspapers, had to respect debt holder covenants, and CanWest's mult voting shares, stock market rules, that restricted CanWest's largest shareholder from embezzling the public company's assets (for ex. purchasing something to transfer CanWest assets out of company. CanWest consolidating Canada's two biggest TV networks, CanWest's TV stations, and Atlantis TV network, is as bankruptcy scam.

Goldman Sachs loaned, sold, something to a friend, to help friend defraud. Goldman Sachs has received benefits in CanWest editorials; Note, Goldman Sachs has still to decide to sell or not the TV assets to the friend, wink, wink. Goldman Sachs has the right not to sell Atlantis to CanWest. A loan, and not loan at the same time.

Goldman Sachs in a corporate takeover bought Canada's Alliance Altantis. Using a pretext of CanWest, buying part or all of Goldman Sachs new Canadian TV assets -- CanWest moved millions in cash to Goldman Sachs, and assumed debts, and transferred/sold CanWest's TV stations in a weird sale to Goldman Sachs (selling CanWest tv stations at their rate of return and not their asset value.) Goldman Sachs retaining control (for their faith) over Canada's TV waves.

Basically a company having financial questions breaks the law when transfer assets out of the company to cheat CanWest's smaller shareholders, and CanWest debt holders. Places Goldman Sachs at the back of the line among CanWest creditors

[No better, the bondholders getting Canada's newspapers are in on it. Bond created from selling Canada's newspaper to CanWest. Loan was at 12 percent in junior notes. CanWest then converts these junior notes into senior notes, and converts yield to 8 percent (8 % ad hoc group), but really still 12 percent, as CanWest issues 200 million in new bonds (for free) to these bondholders. It is ironic then now, that a 750 million plus debt, is not so big, if minus the 200 million in free bonds, and 400 million CanWest cash given to these "senior" bond holders at the direction of CanWest largest shareholder, that will not be in the new CanWest Company. Excessive interest, and manddated derviative purchases by CanWest from debtholders, host of irregularities.

[Unfortunately, when the international community controls the local news to mislead; can only do so, if local corruption ignored too, however unintended, breads corruption in the Canadian Fatherland. It must not be a waste of time when a Canadian reads the newspaper, or watches TV. [The international community has long tried to have Canada's banks merge, not in the interest of Canada. Canada's banks asked to rally with SEC Canada, protecting Canada.]