Canwest places publishing, newspaper division under creditor protection

WINNIPEG – Canwest Global Communications has filed for creditor protection for its publishing business.The CCAA filing applies to Canwest Publishing Inc. / Publications Canwest Inc., Canwest Books Inc. (inactive), Canwest (Canada) Inc., and the Limited Partnership which includes all of Canwest’s newspaper publishing and associated digital media, on-line and mobile operations, with the exception of National Post Inc. and its associated properties.In a press release on Friday, the company said that the move “will address the LP Entities’ current debt level, preserve jobs and protect newspaper publishing brands that Canadians have come to know and trust over the past 100 years. Creditor...