Postmedia Sale Complicated by Unsustainable Debt and Sagging Business Model

Reports this week that the U.S. hedge fund GoldenTree Asset Management is looking to sell its stake in the Canadian newspaper chain Postmedia may be less important than they appear. And whatever happens, a Canadian businessman will hold the balance of power.

This development does, however, shine a light on a company that many financial industry observers say is so indebted that share ownership may be a moot point.

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