Picture yourself driving north of Toronto into big-box suburban territory. You turn off into a little industrial parkade. There's a Keg, a Moxies, and then a stubby beige office building, six storeys high. In a fifth floor suite you will find Canso Investment Counsel Limited. Canso might be the most powerful media company that we have never talked about here at Canadaland.

And they may be one of the few companies in Canada that is still making serious money off of Canadian news companies. Who are they? Why do they keep bailing out dying Canadian legacy news companies? What do they expect in return? And what does it all mean for the news?

Host: Jesse Brown

Credits: Gemma Boothroyd (Reporter), Tristan Capacchione (Audio Editor), Bruce Thorson (Senior Producer), Jesse Brown (Editor and Publisher)

Fact checking by Julian Abraham

Additional music by Audio Network

More information:

• This might be the only company able to make money off Postmedia — The Globe & Mail
• Meet the Canadian Whose Claim to Postmedia Trumps GoldenTree's — Bloomberg
• Corus Entertainment Bondholders to Take Control in Debt-for-Equity Swap — Bloomberg
• Corus lenders revisit a well-worn restructuring path — The Globe & Mail
• Black Press emerges from creditor protection — CBC

Sponsors: 

Douglas: Douglas is giving our listeners a FREE Sleep Bundle with each mattress purchase. Get the sheets, pillows, mattress and pillow protectors FREE with your Douglas purchase today.  Visit https://douglas.ca/canadaland to claim this offer.

Article: Article is offering our listeners $50 off your first purchase of $100 or more. To claim, visit https://article.com/canadaland and the discount will be automatically applied at checkout.

Squarespace: Check out https://squarespace.com/canadaland for a free trial, and when you’re ready to launch use code canadaland to save 10% off your first purchase of a website or domain.

It’s crowdfunding month here at Canadaland! The next 10 people to sign up today will receive a FREE Douglas mattress protector AND one-year subscription to the Slumber Studios Podcast. Become a supporter at canadaland.com/join today. You’ll get premium access to all our shows ad free, including early releases and bonus content. You’ll also get our exclusive newsletter, discounts on merch at our store, tickets to our live and virtual events, and more than anything, you’ll be a part of the solution to Canada’s journalism crisis, you’ll be keeping our work free and accessible to everybody.

Hosted on Acast. See acast.com/privacy for more information.