Today you can pick up a share of Postmedia stock for two or three cents on the TSE. Technically that's still not "zero," where I first predicted it was heading back in 2013, but I think we're close enough for gloating rights.
And this is quite the "restructuring" the vultures who have been milking this cash cow to death since its birth have fashioned for themselves, is it not? Not only can they continue bleeding SunPostMedia dry, but on the off chance that the newspaper industry ever stabilises, they've now got a 98% ownership stake!
I expect Mr. Godfrey will trouser a tidy bonus for his excellent service to his American masters!