After selling down its stake in Australian broadcaster Network Ten, debt-laden Canwest Global Communications Corp. (CGS-T 0.23-0.04-14.81%) has turned to unloading its Canadian newspaper division, Editor & Publisher reported Monday. Canwest on Friday denied the story.

According to the Globe and Mail, National Post CEO Paul Godfrey had lined up financial support for the purchase as Canwest's bankruptcy reorganisation proceeds.

Meanwhile, Canwest newspapers say they today enjoy larger individual market holds than any other newspapers in North America. Canwest is Canada's largest publisher of paid English-language daily newpapers that include the National Post and ten major-market dailies.