Wednesday, 7 October 2009

CanWest Empire Crumbles

Canada's largest media empire is declared insolvent; restructuring of CanWest will lead to biggest sell-off of media assets in Canadian history. No one is safe. (Look at the Canwest brands/companies who have employees crossing their fingers and toes!) In addition to owning the Global Television Network (and the beloved HGTV and Food Network), Canwest is Canada's largest publisher of paid English language daily newspapers and owns, operates and/or holds substantial interests in conventional television, out-of-home advertising, specialty cable channels, and web sites in Canada, New Zealand, Australia, Indonesia, Singapore, the United Kingdom and the United States. The only security 'out there' is business ownership. Small business ownership. (like HGTV Design Darling, Sarah Richardson) Home-based business ownership? This paradigm shift (all things leading and living on the Internet) is ferocious.

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