COMMENTARY: Was the E! shutdown threat an actual "maybe" or just an early salvo for the regulator?

I’LL CUT RIGHT TO the chase. When CanWest Global’s interim television division president Peter Viner was asked Wednesday afternoon, point-blank, by one of the financial analysts who cover the media industry in Canada if the money-losing E! network might be altogether shut down, he said: “Maybe. That’s an option we have to think very hard about.” To me, that’s a blockbuster comment. A “wow” moment. That shows that it is so bad in the conventional TV market right now – and inside CanWest in particular – that the broadcaster is thinking about shuttering a TV network serving millions in Quebec,...