Court OK's new National Post ownership structure
An Ontario court approved a new ownership structure for the National Post on Friday, heading off the shut down of its operations.
Owner Canwest Global will be allowed to shuffle the newspaper into a group alongside its other daily newspapers, a move it said would be the best hope for saving the paper from going under.
And how exactly is that going to save the Post? Oh:
Canwest has been restructuring under protection from its creditors and had asked to put the money-losing Post into the Canwest Limited Partnership — which is not among divisions of the company currently operating under creditor protection — in order to save cash.
In short, other Canwest operations that aren't losing money will be forced to prop up the financial money pit that is the Post. Huh. How ironic -- the screechiest, most right-wing supporter of unabashed capitalism and the unfettered free market in Canada, crawling hat in hand to its sibling newspapers for a handout to keep it from going under.
And given how much Canada's Blogging Tories are down on that whole welfare thing, one would expect them to be absolutely outraged by this latest socialist development. One would be wrong:
How fitting that on Halloween, the National Post rises from the dead to walk the earth once more to torment the unenlightened masses of moonbats. It's great news simply from a media diversity POV. We conservatives are sick of the unabashedly leftist, Trudeaupian drivel coming from most of the other rags in this country, ...
Here's a thought, Mike ... if those "unabashedly leftist, Trudeaupian" media outlets are still around and financially viable, while the relentlessly right-wing Post is tanking, doesn't that tell you what the market wants? I thought that's what you conservative dingbats were all about -- survival of the fittest, let the market decide, you know, that sort of thing.
Canada's Blogging Tories: Because welfare and socialism are only bad things some of the time.