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cbasu





Joined: 03 Sep 2006
Posts: 391
Reputation: 131.3
votes: 2

PostPosted: Fri Feb 27, 2009 11:48 pm    Post subject: The end of the line for the National Post? Reply with quote

Sure looks like it.

Hard to see how Canwest comes up with the roughly $4B from the assets they currently have. Under bankruptcy, some of the specialty channels will survive, and somebody surely will want some of the main network assets, their digital properties, and their Australian property.

But except for a very few profitable papers, including apparently the Ottawa Citizen, I doubt if any of their print assets will survive.

The Aspers almost certainly will not run anything, which is good because it takes a special kind of incompetence to drive a once prosperous media empire into the ground.
FF_Canuck





Joined: 02 Sep 2006
Posts: 3360
Reputation: 73.4
votes: 17
Location: Southern Alberta

PostPosted: Sat Feb 28, 2009 12:40 am    Post subject: Reply with quote

Unfortunate news, indeed. The Post has been, in recent years, the only daily national paper I've bothered with.
ezbeatz





Joined: 09 Oct 2008
Posts: 1140
Reputation: 49.5Reputation: 49.5Reputation: 49.5Reputation: 49.5Reputation: 49.5
votes: 10
Location: Vaughan, ON

PostPosted: Sat Feb 28, 2009 12:58 am    Post subject: Reply with quote

From the ashes rises a phoenix...
Cool Blue





Joined: 21 Sep 2006
Posts: 3130
Reputation: 114.9
votes: 10
Location: Ontario

PostPosted: Sat Feb 28, 2009 7:08 am    Post subject: Reply with quote

I can't see the Financial Post going under...they may split it off from the National Post itself.

Quote:

it takes a special kind of incompetence to drive a once prosperous media empire into the ground.


If I'm not mistaken, the NP has never made a profit.
Hasdrubal





Joined: 30 Oct 2006
Posts: 1112
Reputation: 66
votes: 5
Location: Nova Scotia

PostPosted: Sat Feb 28, 2009 9:26 am    Post subject: Reply with quote

Hopefully the left wing paper Toronto Star is next, along with the left wing TV station CBC.
SFrank85





Joined: 03 Mar 2007
Posts: 2269
Reputation: 59.8
votes: 4
Location: Toronto - Scarborough Southwest

PostPosted: Sat Feb 28, 2009 12:33 pm    Post subject: Reply with quote

Cool Blue wrote:
I can't see the Financial Post going under...they may split it off from the National Post itself.

Quote:

it takes a special kind of incompetence to drive a once prosperous media empire into the ground.


If I'm not mistaken, the NP has never made a profit.


I believe it made a small profit last year, or at least its revenues rose.

I think there will be a buyer for the Post.
ezbeatz





Joined: 09 Oct 2008
Posts: 1140
Reputation: 49.5Reputation: 49.5Reputation: 49.5Reputation: 49.5Reputation: 49.5
votes: 10
Location: Vaughan, ON

PostPosted: Sat Feb 28, 2009 3:02 pm    Post subject: Reply with quote

Hasdrubal wrote:
Hopefully the left wing paper Toronto Star is next, along with the left wing TV station CBC.


The Toronto Star unfortunately does rather well because of economies of scale. They produce such large amounts of newspapers that they can sell them for less than their competition. They also do bulk sales to companies. I don't know why York University buys them en bulk (well I do) but they do. I don't know what York U spends on them but it's either tax payers money or tuition money that's buying them and I'm not happy about either.
kwlafayette





Joined: 03 Sep 2006
Posts: 6155
Reputation: 156.2Reputation: 156.2
votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Sat Feb 28, 2009 3:19 pm    Post subject: Reply with quote

My credit card was going to give me a free subscription to the National post. But when I went to the website and clicked on the link, it was not available in my area. Seems to me, if you are going to give yourself a name like the National post, you should be available daily anywhere in the nation.
mrsocko





Joined: 29 Oct 2006
Posts: 2463
Reputation: 131.2
votes: 8
Location: Southwestern Ontario

PostPosted: Sat Feb 28, 2009 7:56 pm    Post subject: Reply with quote

Quote:
But when I went to the website and clicked on the link, it was not available in my area.


I couldn't get it delivered to my business and it is only available in convienience store chain outlets in South Western Ont. Ma and Pop stores are not delivered to.
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The end of the line for the National Post?

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