(Lack of) money changes everything

It’s no secret Canwest is drowning in debt. But to whom, exactly, does the one-time media behemoth owe money? Just about everyone, according to a list of creditors that was posted online over the weekend. Canwest’s nearly 1,000 outstanding debts include millions owed to production studios, courier companies, and telecommunications providers. But perhaps the most interesting debts are those worth less than $100‹$25.74 owed to the New Style Barber Shop; $96.05 owed to Shaver’s Flowers; $3.47 owed to Scotiabank‹which provides a glimpse at just how tight the company’s finances had become in the lead-up to its restructuring under creditor protection.

The Canadian Press

FTI Consulting