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Canwest quietly gets another break

In between meetings this week about Canwest’s bankruptcy protection and how it will affect its various employee groups, imagine my surprise when I found out that none other than Canwest has been granted yet another TV license.

You couldn’t make this stuff up. Check out the CRTC notice of October 14, giving Canwest a license for a new Reality TV channel (I kid you not). What could the CRTC commissioners have been thinking as they considered the application and actually approved it — just one week after the company announced it’s seeking protection under the Companies’ Creditors Arrangement Act (CCAA)? Hasn’t the CRTC learned anything from approving Canwest’s grand plans?

Makes one wonder whether Canwest plans to set up cameras inside its own newsrooms at Global TV to shoot what happens to these folks next? It’ll sure be gripping television to watch the anger of former employees on severance payments whose pay is about to be stopped, shot alongside the executives who’ve been given rich bonuses to stay on. Upstairs, Downstairs meet 30 Rock. Only without the humour.

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