In 2005 the Canadian-based media conglomerate CanWest had newspaper and broadcasting interests in seven countries. It boasted revenue in Canadian dollars in excess of $3 billion and assets of more than $5 billion. Five years later it was bankrupt, its assets were dispersed and it was ignominiously reduced to a shell company called 2737469 Canada Inc. CanWest was a dramatic example of the evolutionary trajectory of media companies and the largest to take Darwinian theory to its terminal conclusion in the turbulent aftermath of the Global Financial Crisis.
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© 2014 Gavin Ellis
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Ellis, G. (2014). Journalism’s Crisis. In: Trust Ownership and the Future of News. Palgrave Macmillan, London. https://doi.org/10.1057/9781137369444_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47495-0
Online ISBN: 978-1-137-36944-4