CanWest auction heats up - Canpages in the mix?

Posted by Rob Lewis
The sale of CanWest Global Communications Corp. is expected to hit a crescendo in the next few weeks as rival groups begin their fight to buy the company’s newspapers and the Globe and Mail is reporting today that two leading consortiums have stepped up.

Paul Godfrey, the president of CanWest’s National Post newspaper and former chief executive officer of the Sun Media chain, is leading one consortium. Sources say he has joined with Vancouver-based phone directory company CanPages Inc., which is backed by U.S. private equity firm Hicks Muse Tate & Furst.

However, Mr. Godfrey’s consortium will face stiff competition from a rival group that is said to include Vancouver-based Glacier Media Inc., a community newspaper business run by former investment banker Jon Kennedy. Glacier has stakes in 120 community papers and covets CanWest’s community publications.

The Canpages connection is an interesting one as they purchased GigPark, a tech startup run by Godfrey’s son, Noah Godfrey, last summer.

While Glacier Media is involved in a huge networks of community papers, the most recognizable to our Vancouver readers will be the popular Business in Vancouver weekly.

In addition to these two leading consortiums, a number of suitors are interested in piecemeal bids including Torstar Corp. who is believed to be interested in acquiring the Ottawa Citizen, Montreal Gazette and National Post.

Company:
Canwest Global Communications
Website:
http://www.canwestglobal.com
Location:
Winnipeg, Manitoba, Canada

Canwest is Canada's leading international media company. Representing a portfolio of world-class brands, the Company creates and distributes some of the most compelling and dynamic content across multiple media platforms. In Canada, the company's diversified holdings include conventional television networks Global Television and E!, which reach almost 100% of English-speaking Canadians. The broadcast brands are... more

Company:
Business in Vancouver
Website:
http://www.biv.com
Location:
Vancouver, British Columbia, Canada

Business in Vancouver is an award-winning weekly newspaper serving Greater Vancouver since 1989. Targeted at business decision-makers, it provides local business news and information every Tuesday and reaches the Lower Mainland's business leaders every week. more

Company:
GigPark
Website:
http://www.gigpark.com
Location:
Toronto, Ontario, Canada

When it comes to finding a real estate agent, accountant or personal trainer, friends recommend the best people. GigPark's mission is to make it easy for friends to share recommendations so we can all find great service. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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