Canwest Global rejects CHEK-TV employee bid
Last Updated: Friday, August 28, 2009 | 1:35 PM PT
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Canwest plans to close CHEK-TV in Victoria by Aug. 31. (CBC)Canwest Global is prepared to pull the plug on B.C.'s oldest private TV station after rejecting a bid by employees to buy the station with some private investors and run it themselves.
CHEK-TV, based in Victoria, is scheduled to go off the air Monday as part of a cost-cutting effort by its financially troubled owner to get rid of its unprofitable small-market stations across Canada.
But CHEK's assignment editor, Richard Konwick, said the employees and private investors have raised $2.5 million and they are not giving up.
The hopeful buyers are already talking to the federal government and the CRTC in the hopes finding a way to keep the station on air, said Konwick.
Canwest Global said it's not prepared to assume any of the costs that may be involved.
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