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The Guardian - UK

Roy Greenslade

Value of CanWest papers drops by £25m

A year-and-a-half after CanWest spun out its newspapers into a $550m (£256m) income trust, the company is buying them back for $55m (£25.6m) less than the original sale price. It is the latest in a series of moves by the Winnipeg-based conglomerate to focus on its Canadian operations while selling off international assets. The trust owns 10 of CanWest's daily papers, including the Vancouver Sun, Ottawa Citizen and The Gazette of Montreal. (Via Globe & Mail)

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