In Canada, Employees Prepare Offer to Buy TV Station

By Andrew Gauthier 

CBC News

Employees at B.C.’s oldest privately owned television station say they have a plan to buy it from the owners to stop it from being shut down.

CHEK-TV in Victoria was slated to go off the air by Aug. 31 after Canwest Global Communications announced last month it could not afford to keep it running.

About 40 employees still working at the station and private investors are putting their own cash into the deal to buy the station, news director Rob Germaine told CBC News. More…