With bankruptcy rumours rampant, Asper acknowledges challenges

TORONTO – With several reporters pursuing tips and rumours asking if and when Canwest Global will seek bankruptcy protection (this reporter, too), company CEO Leonard Asper sent a memo to staff today that tried to sound hopeful. The Globe and Mail ran a story Friday saying the company was looking for a cash infusion of $300 million and speculation has begun on which companies would pick up the pieces of a bankrupt Canwest needing to sell more assets than just its foreign operations and E!. “Over the last week or so – and likely into this weekend – you have...