Lonard Asper resigns from Canwest

Lonard Asper has resigned as President/CEO of Canwest to avoid any conflict of interest as the compnay undergoes the sale/restructuring  process.  The company has been operating under protection from creditors for several months after it was unable to pay down a $4-billion debt. Shaw Communications has struck a deal to take control of Canwest’s broadcasting assets and other company’s are looking at the newspaper assests. Asper will continue on as a consultant to Canwest until the restructuring process has been completed.