Analyst sees no value in CanWest shares as another debt deadline looms Tuesday

TORONTO - Barring an epic economic turnaround, CanWest Global is unlikely to continue in its current form, according to a report to investors by BMO Capital Markets media analyst Tim Casey, after analyzing the TV and publishing company’s second quarter results. “CanWest is faced with several near-term liquidity challenges. The company did not make its scheduled March 15 interest payment of approximately US$30 million to senior subordinated note holders. Failure to make the interest payments by April 14 could result in note holders demanding the immediate repayment of US$761 million in principal outstanding,” notes Casey’s report. “The company is currently...