You will no longer be able to buy copies of the National Post out of a vendor box in Ottawa as of Midnight tonight. I've heard this from two sources, one being this anonymous commenter on Bourrie's site, the other an Ottawa area resident (via private e-mail) who helpfully suggests that the boxes be converted to ice-cream machines.
Here's the reason behind all the gloom:
Bond rating agency DBRS said yesterday that it was putting Canwest Media Inc.'s debt ratings under review for a possible downgrade, citing a Canadian advertising market that has "weakened substantially." DBRS said it was "likely" the situation could have a material impact on Canwest's advertising-dependent conventional television business and could put pressure on the company's debt covenants.
Similarly, Moody's Investors Service on Thursday also put the long-term debt ratings associated with Canwest companies under review.
"Moody's also believes it is more likely that Canwest will have to sell assets in order to address 2010/2011 refinancing milestones related to last year's acquisition of the former Alliance Atlantis' specialty television operations, and that the related divestiture proceeds will be below earlier expectations."
Update: Jerad has photo evidence of the Natty Post's demise in Toronto.