CanWest/AA hearing: Deal must be scrapped if control is "in a tower in Manhattan"

GATINEAU – “No amount of tinkering” can save this deal in the minds who run ACTRA, the actors union, whose president, Richard Hardacre addressed the CRTC this morning during day 2 of the hearing into CanWest Global and Goldman Sachs’ purchase of Alliance Atlantis’ broadcast assets. Despite assurances yesterday by CanWest and GS leaders that CanWest will run the broadcast company, make all the operational decisions and that the U.S. investment banking firm which will inject 65% of the equity into the purchase won’t interfere with the day-to-day decision making by the new combined company, many members of the Canadian...