Restructuring: What Creditors Do After Takeover

Picture yourself driving north of Toronto into big-box suburban territory. You turn off into a little industrial parkade. There's a Keg, a Moxies, and then a stubby beige office building, six storeys high. In a fifth floor suite you will find Canso Investment Counsel Limited. Canso might be the most powerful media company that we have never talked about here at Canadaland.

And they may be one of the few companies in Canada that is still making serious money off of Canadian news companies. Who are they? Why do they keep bailing out dying Canadian legacy news companies? What do they expect in return? And what does it all mean for the news?

Host: Jesse Brown

Credits: Gemma Boothroyd (Reporter), Tristan Capacchione (Audio Editor), Bruce Thorson (Senior Producer), Jesse Brown (Editor and Publisher)

Fact checking by Julian Abraham

Additional music by Audio Network

More information:

• This might be the only company able to make money off Postmedia — The Globe & Mail
• Meet the Canadian Whose Claim to Postmedia Trumps GoldenTree's — Bloomberg
• Corus Entertainment Bondholders to Take Control in Debt-for-Equity Swap — Bloomberg
• Corus lenders revisit a well-worn restructuring path — The Globe & Mail
• Black Press emerges from creditor protection — CBC

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