RE:RE:RE:RE:flyyYou're right on two counts: (1) the tax loss could be useful; (2) unionized employees will never make the pivot to become entrepreneurs, just because they just can't.
I'm pretty sure all the obvious potential buyers for NOW and the Straight have already taken a hard pass. SJC Media, where our friend 1236 works, would have looked the opportunity pre-Covid, but not now. I once thought Michael Howlett's syndicate could have been interested. Probably not after the damage done to the brands. The half-dozen mainstream Canadian media groups all recognize a loser when they see the P&Ls. There would be no interest outside of Canada.
Then, there's Zoomer Media. Well, you never know with Znaimer. He would be doubling down after his recent purchase of BlogTO. Probably too soon, though -- and these properties might be too schlocky for even Znaimer.
Meanwhile, the trading halt continues, and with the board chair and corporate secretary both in hiding, Media Central seems to be functioning with a board of two. Leads you to wonder who's left to sign a deal, in the unlikely event a deal happened to present itself.
Reallitycheck wrote: It could make sense to someone already in the business as tax losses maybe worth something, the question is how much as it'd be very a different and a specific situation depending on and based on potential buyers financials and profitability. Based on your analysis not sure employees alone could make a go of it.