CanWest newspaper monopoly, sold to foreign hedge fund financing a local buyer,adds more than a million a week onto newspaper company's interest costs

Canada's banks financing the one billion newspaper sale price at a 4 percent interest rate, is a 40 million annual interest cost
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Buyers fronting for a foreign hedge funds, and borrowing abroad at higher interest rate of 8 to 9 percent, adds more than a million a week onto Canada's newspapers interest costs. Nor does Revenue Canada earn taxes on foreign debt interest expenses. Revenue Canada prefers that Canadian banks financing the one billion newspaper sale price, with the lower 4 percent loan.

There is a concern, the new buyer will just add new debt and sell Canada's flagship newspapers into a debt mill IPO. Issues of corruption, and fair disclosure, when newspaper monopoly disclosure matrix controlled by one group. Best choice to up hold the right is to support a news reporter-employee, acquisition of Canada's pay-subscription newspaper monopoly, into a non profit. Newspaper widget fair, honest reporting is key to modern economy, and the Bank of Canada. Benefits the nation to have neutral newspapers, as much as that is possible.

In the financial storm of 2009, CanWest newspaper publishing 09 operating profit is 177 million. 08 operating profit 295 million. Newspapers publishing 1.1 billion revenue(09), and 1.3billion revenue in(08). Actual operating profit more than reported, as Canwest include extras minused into operating profit. Concern, the newspapers in bankrupcy protection will interfer with the short term results, newspapers still very profitable. http://www.theglobeandmail.com/report-on-business/canwest-chain-leaves-300-creditors-unpaid/article1431891/

http://www.canada.com/business/fp/Bids+Canwest+papers+begin+take+shape/2457406/story.html