CanWest
I saw this in a Toronto Star article yesterday: John Paton is apparently one of those advising the new owners of chain. Paton is the recently named head of the Journal-Register newspaper group, and when I saw him speak at last month’s International Symposium on Online Journalism in Austin, Texas, he drew a big round [...]
Continue reading about More thoughts on Canwest: going digital first
If I were smarter, I would have bought CanWest stock a couple of weeks back when it was 34 cents a share. It ended last year, and started this one, strong, closing today at 91 cents after briefly flirting with $1. The stock has been on a steady climb over the past 10 days or [...]
Regular readers will know of my interest (some might say obsession) with the stock market performance of Canadian publishing giant CanWest. Today it appears as though the stock as settled down considerably. I’m not going to say it appears to have bottomed out, though. I suggested that once before, when the stock was trading at [...]
Based on what I’ve so far learned about the stock market, the fact that CanWest’s stock closed the day down six cents based on trading volume that was almost equal to the average volume is much more significant (in terms of understanding how investors see CanWest) than yesterday, when the stock opened and closed at [...]
It’s been a while since I updated the story of CanWest’s stock troubles and now might be a good time: it appears as though it may have bottomed out. After hitting a new 52-week low of 61 cents a share on Tuesday, the stock rebounded through the rest of the week, closing at 73 cents [...]
Something is happening with CanWest shares: the price just jumped 13 cents and the volume of shares being traded is almost three times as high as the average. CanWest closed at 72 cents a share yesterday. At the moment, it’s trading at 85 cents, a mark it has only hit once in the past five [...]
The Canadian media giant released its fourth-quarter results early this morning, and while the Globe and Mail headline reads “CanWest loses $1.02-billion,” most of that is a $1.01-billion non-cash writedown on goodwill and licences. I’m not even sure what that means. More interesting to me are the operating numbers. From the Globe: Excluding the writedown [...]
So, how did the market react to CanWest’s cost-cutting measures announced yesterday? The media company’s stock opened at 85 cents a share (exactly where it closed Wednesday), hit a new low during the day of 75 cents, and closed at 80 cents, down 5.88 per cent for the day. And share volume was well below [...]
At the start of the second hour of class today, I pointed my second-year journalists-to-be to the latest news on CanWest’s stock market woes: a piece that included an unnamed analyst suggesting that the media company was being forced to do something to control costs. By the end of the hour, there was this: Canwest [...]
Continue reading about And now, from Canada, job cuts (updated)
As CanWest’s stock continues to be pummeled, trading at 90 cents a share at the moment, down from yesterday’s close of $1.09 and down from the 52-week high of $8.28, some media is catching up. In yesterday’s post wondering where the business media is on this story, I pointed to this Reuters piece, but missed [...]
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