TQS gets another 45 days of creditor protection

By Glenn Wanamaker

MONTREAL – Two potential buyers signalled enough interest in financially strapped Quebec television network TQS this week to convince a Quebec Superior Court judge to give the network another 45 days of court protection from creditors. Judge Pierre Journet said the receipt of two letters of intention from the two unnamed suitors was an indication that TQS’s financial situation has not worsened to the detriment of creditors, and that a further delay constitutes a “reasonable and credible” condition to finding a long-term solution. TQS was granted 30 days’ protection in December. The new delay gives controller RSM Richter until February...