ANOTHER CROOK WHO NEEDS TO BE BOOKED AND ARRESTED PRONTO!
Canada's Competition Bureau has miserably failed to avoid this path, greenlighting monopolistic newspaper purchases against all public interest and common sense. Meanwhile, federal officials tasked with guarding Canadian ownership stood by as the fate of more than 100 Canadian newsrooms was handed off to foreign shareholders.
The true owner of my local newspaper is Chatham Asset Management, a hedge fund in New Jersey.
The second-largest shareholder, Allianz Global Investment, has offices from Shanghai to Frankfurt. Its main U.S. fund was shut down over securities fraud and ordered to pay back billions to bilked investors.
The third-largest investor, Leon G. Cooperman, survived insider trading allegations by taking the Fifth Amendment in court and handing a $5-million settlement to the U.S. Securities Exchange Commission.
https://www.cbc.ca/news/canada/saskatchewan/opinion-patricia-elliott-newspapers-1.6727415
