Journalism’s Crisis

Abstract

In 2005 the Canadian-based media conglomerate CanWest had newspaper and broadcasting interests in seven countries. It boasted revenue in Canadian dollars in excess of $3 billion and assets of more than $5 billion. Five years later it was bankrupt, its assets were dispersed and it was ignominiously reduced to a shell company called 2737469 Canada Inc. CanWest was a dramatic example of the evolutionary trajectory of media companies and the largest to take Darwinian theory to its terminal conclusion in the turbulent aftermath of the Global Financial Crisis.