Oh, you gotta love it when the Big Dogs get into a catfight!
And you gotta love how John Honderich hedges the truth... he doesn't out and out call Godfrey a liar; he simply suggests he is "trifling with the truth."
Jeez, I wish I'd been acquainted with that particular turn of phrase in my childhood!
Honest, mom, I wasn't lying, I was just trifling with the truth!
Into your room (wack) you little shit (wack) trifling with the truth (wack) is LYING! (wack, wack, wack!).
Mr. Honderich is of course trifling with the truth just a bit himself on this one. Claiming that Torstar offered "a bid of around $800 million" is more than a little disingenuous.
So do tell, Mr. Honderich; how much of that $800 million was fresh unencumbered cash, and how much was taking over CanWest debt obligations?
Showing posts with label PostMedia Network. Show all posts
Showing posts with label PostMedia Network. Show all posts
Wednesday, January 27, 2016
Wednesday, January 20, 2016
Decisions this stupid can only be taken at the very top
I see where the SunPostMedia gang are gonna slice off another 90 journalism jobs for the sake of efficiency.
Because the paper-buying public will never notice that the Ottawa Citizen and the Ottawa Sun have merged newsrooms...
As the think-tank here at Falling Downs has been relentlessly pointing out for years now, the SunPostMedia conglomerate isn't about the news business anymore.
No.
Instead, it's about paying off a couple of hedgies who bought up CanWest debt at pennies on the dollar back in the day.
Yup, those dudes have been working miracles in Canadian journalism ever since!
What's really extra funny, just in case you haven't had enough yet, is that these assholes have the gall to sponsor those galling J-School promos designed to convince idealistic but gullible youth that the once-honourable profession of journalism has a future.
Because the paper-buying public will never notice that the Ottawa Citizen and the Ottawa Sun have merged newsrooms...
As the think-tank here at Falling Downs has been relentlessly pointing out for years now, the SunPostMedia conglomerate isn't about the news business anymore.
No.
Instead, it's about paying off a couple of hedgies who bought up CanWest debt at pennies on the dollar back in the day.
Yup, those dudes have been working miracles in Canadian journalism ever since!
What's really extra funny, just in case you haven't had enough yet, is that these assholes have the gall to sponsor those galling J-School promos designed to convince idealistic but gullible youth that the once-honourable profession of journalism has a future.
Thursday, January 14, 2016
Why Kevin O'Leary is not Canada's Donald Trump
Michael Den Tandt is a local boy who made good. He's one of the few professional journalists still drawing a paycheque from that floundering colossus, SunPostMedia, the media empire that just keeps giving back to the hedgies who bought its corporate debt for pennies on the dollar a few years back. Most of what you read in Postmedia properties these days is courtesy of unpaid interns, but Den Tandt is the real deal, and his opinion pieces play coast to coast and are generally worth a look.
Folks who follow this stuff will know that Kevin O'Leary was thinking out loud the other day about throwing his hat into the ring to replace Big Steve in the big chair at Canada's Conservative Party. Today Den Tandt offers an enthusiastic endorsement of O'Leary's delusions of grandeur.
I think Michael's got it right that O'Leary is not Trump, even though they superficially have that same "blow-hard" persona. Where I think he's got it wrong is in how they're different. True, O'Leary has yet to disgrace himself with xenophobic clap-trap geared to the prejudices of the baying masses. Instead, he is a man of principles.
And that's the problem. His principles are the tried, tested, and manifestly failed pillars of the Thatcher era; welfare state too generous, unions too powerful, government too big, and taxes too high. We can only bring back prosperity by slashing and burning and cutting taxes.
It's a recipe that hasn't worked since the Thatcher era, and there's no reason to think it will work with just a little more slashing, burning, etc.
So while Trump fill stadiums with his rancid appeals to emotion, it's hard to imagine O'Leary doing the same with his appeals for more austerity.
Not only that, but what really makes Trump important is that he threatens the very foundations of America's sclerotic two-party system. He's the only candidate telling the public that the system is broken. O'Leary leading the Conservative Party would be a more engaging personality bringing you four or five more years of Big Steve.
And who needs that?
Folks who follow this stuff will know that Kevin O'Leary was thinking out loud the other day about throwing his hat into the ring to replace Big Steve in the big chair at Canada's Conservative Party. Today Den Tandt offers an enthusiastic endorsement of O'Leary's delusions of grandeur.
I think Michael's got it right that O'Leary is not Trump, even though they superficially have that same "blow-hard" persona. Where I think he's got it wrong is in how they're different. True, O'Leary has yet to disgrace himself with xenophobic clap-trap geared to the prejudices of the baying masses. Instead, he is a man of principles.
And that's the problem. His principles are the tried, tested, and manifestly failed pillars of the Thatcher era; welfare state too generous, unions too powerful, government too big, and taxes too high. We can only bring back prosperity by slashing and burning and cutting taxes.
It's a recipe that hasn't worked since the Thatcher era, and there's no reason to think it will work with just a little more slashing, burning, etc.
So while Trump fill stadiums with his rancid appeals to emotion, it's hard to imagine O'Leary doing the same with his appeals for more austerity.
Not only that, but what really makes Trump important is that he threatens the very foundations of America's sclerotic two-party system. He's the only candidate telling the public that the system is broken. O'Leary leading the Conservative Party would be a more engaging personality bringing you four or five more years of Big Steve.
And who needs that?
Friday, July 10, 2015
Conrad Black and SunPostmedia CEO Godfey spar on conference call
Paul and Conrad are two guys who have led charmed lives, although I have to give a tip of the cap to Conrad for making his charmed life way tougher than it needed to be.
Judging by this story, it would seem that Conrad still has some skin in the game after being divested of his empire.
And as for Godfrey, he's way underpaid to be the figurehead at PostMedia cum SunPostMedia. Since the resurrection of PostMedia out of hock a few years ago, the reason for keeping the corpse alive has been to mollify the bond-holders.
Like Conrad?
Judging by this story, it would seem that Conrad still has some skin in the game after being divested of his empire.
And as for Godfrey, he's way underpaid to be the figurehead at PostMedia cum SunPostMedia. Since the resurrection of PostMedia out of hock a few years ago, the reason for keeping the corpse alive has been to mollify the bond-holders.
Like Conrad?
Thursday, November 27, 2014
Ezra Levant victimized by anti-Semitic Canadian legal system
Poor Ezra.
Well, at least after this he'll be a little poorer than before.
Canada's wannabe answer to Fox News, the Postmedia Network, has been grooming the hapless Levant for years to become Bill O'North.
It just ain't been happening, and the reason it ain't been happening is that virtually nobody tunes in the obnoxious turd.
Hopefully nobody at Sun TV or the bankrupt parent company is foolish enough to fund an appeal, in which case we owe Khurram Awan a huge debt of gratitude for helping rid the public square of this anti-Arab, anti-Indian hate-monger.
Well, at least after this he'll be a little poorer than before.
Canada's wannabe answer to Fox News, the Postmedia Network, has been grooming the hapless Levant for years to become Bill O'North.
It just ain't been happening, and the reason it ain't been happening is that virtually nobody tunes in the obnoxious turd.
Hopefully nobody at Sun TV or the bankrupt parent company is foolish enough to fund an appeal, in which case we owe Khurram Awan a huge debt of gratitude for helping rid the public square of this anti-Arab, anti-Indian hate-monger.
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