CanWest papers, including National Post, now officially up for sale

The National Post and all the CanWest newspapers in major cities across the country are now officially for sale. 

The chain was put into bankruptcy protection this morning and it was reported that the major creditors, including Canada's five largest banks, plan to put in a "stalking horse" bid for the whole package of papers -- not to own and run them, but to establish the starting price for an auction. The price is estimated at $1 billion give or take.