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Canadian media giant Canwest Global Communications Corp. said Tuesday it will file for bankruptcy protection under a deal with a key group of lenders, as it seeks court approval to restructure its debt. Canwest Global Communications Corp.
WINNIPEG--(BUSINESS WIRE)--Canwest Global Communications Corp. (“Canwest”) announced today that its subsidiary, Canwest Media Inc. (“CMI”), has agreed with the
http://finance.yahoo.com/news/Canwest-Recapitalization-bw-4101592251.html?x=0&.v=1
Asset sales continue, but the prospect of a total restructuring looms larger still.
WINNIPEG--(BUSINESS WIRE)--Canwest Global Communications Corp. (“Canwest”) announced today that its subsidiary, Canwest Limited Partnership (the “Limited Partnership”), is
http://finance.yahoo.com/news/Canwest-Limited-Partnership-bw-3008317031.html?x=0&.v=1
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WINNIPEG, Nov 13, 2009 (BUSINESS WIRE) --
Canwest Global Communications Corp. ("Canwest") announced today that its subordinate voting shares (TSX-V: CGS) and non-voting shares (TSX-V: CGS.A) (the "Shares") will begin trading on the TSX Venture Exchange ("TSX-V") effective Monday November 16, 2009.
Canwest made the application to list the Shares on the TSX-V after being advised by the Toronto Stock Exchange that its Shares would be delisted effective at the close of market on November 13, 2009.
About Canwest Global Communications Corp.
Canwest Global Communications Corp. (www.canwest.com) is Canada's largest media company. In addition to owning the Global Television Network, operating 18 industry-leading specialty channels and having ownership in 5 specialty channels, Canwest is Canada's largest publisher of English language paid daily newspapers and owns and operates more than 80 online properties.
SOURCE: Canwest Global Communications Corp.
Canwest Global Communications Corp. Media Contact: John Douglas, Senior Vice President, Public Affairs, (204) 953-7737 jdouglas@canwest.com or Investor Contact: Hugh Harley, Director, Investor Relations, (204) 953-7731 hharley@canwest.com
Tags: canada communications market media online publisher television trade
Companies: CanWest Global Communications Corp. (CGS)
WINNIPEG, Nov 05, 2009 (BUSINESS WIRE) --
Canwest Global Communications Corp. ("Canwest" or the "Company") announced today that Canwest and certain of its subsidiaries have agreed with members of the ad hoc committee of 8% senior subordinated noteholders (the "Ad Hoc Committee") of Canwest Media Inc. to extend until November 30, 2009 the date by which the Company must file a consensual recapitalization plan with the Ontario Superior Court of Justice (the "Court"). The previously announced support agreement between Canwest and certain of its subsidiaries and the Ad Hoc Committee originally contemplated the filing with the Court no later than November 5, 2009.
The extension provides Canwest with additional time to develop, in consultation with the members of the Ad Hoc Committee, a comprehensive plan for an orderly and structured recapitalization for the benefit of all stakeholders.
More information about Canwest's restructuring can be found at www.canwest.com.
Forward Looking Statements:
This news release contains certain forward-looking statements about the objectives, strategies, financial conditions, results of operations and businesses of Canwest. Statements that are not historical facts are forward-looking and are subject to important risks, uncertainties and assumptions. These statements are based on our current expectations about our business and the markets in which we operate, and upon various estimates and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events if known or unknown risks, trends or uncertainties affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that the circumstances described in any forward-looking statement will materialize. Significant and reasonably foreseeable factors that could cause our results to differ materially from our current expectations are discussed in the section entitled "Risk Factors" contained in our Annual Information Form for the year ended August 31, 2008 dated November 24, 2008 filed by Canwest Global Communications Corp. with the Canadian securities commissions (available on SEDAR at www.sedar.com), as updated in our most recent Management's Discussion and Analysis for the nine months ended May 31, 2009. Unless required by law, we disclaim any intention or obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.
About Canwest Global Communications Corp.
Canwest Global Communications Corp. (www.canwest.com) is Canada's largest media company. In addition to owning the Global Television Network, operating 18 industry-leading specialty channels and having ownership in 5 specialty channels, Canwest is Canada's largest publisher of English language paid daily newspapers and owns and operates more than 80 online properties.
SOURCE: Canwest Global Communications Corp.
Canwest Global Communications Corp. Media Contact: John Douglas, Senior Vice President, Public Affairs, (204) 953-7737 jdouglas@canwest.com or Investor Contact: Hugh Harley, Director, Investor Relations, (204) 953-7731 hharley@canwest.com
Tags: business canada communications law media online publisher restructuring securities television
Companies: CanWest Global Communications Corp. (CGS)
WINNIPEG, Oct 16, 2009 (BUSINESS WIRE) --
Canwest Global Communications Corp. ("Canwest") announced today that its subsidiary, Canwest Media Inc. ("CMI"), has agreed with the members of the ad hoc committee of 8% senior subordinated noteholders of CMI pursuant to the terms of their Support Agreement to extend to October 22, 2009 the date by which CMI must enter into a definitive agreement with Canwest Limited Partnership in respect of the transfer of the business operated by the National Post.
More information about Canwest's restructuring can be found at www.canwest.com.
Forward Looking Statements:
This news release contains certain forward-looking statements about the objectives, strategies, financial conditions, results of operations and businesses of Canwest. Statements that are not historical facts are forward-looking and are subject to important risks, uncertainties and assumptions. These statements are based on our current expectations about our business and the markets in which we operate, and upon various estimates and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events if known or unknown risks, trends or uncertainties affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that the circumstances described in any forward-looking statement will materialize. Significant and reasonably foreseeable factors that could cause our results to differ materially from our current expectations are discussed in the section entitled "Risk Factors" contained in our Annual Information Form for the year ended August 31, 2008 dated November 24, 2008 filed by Canwest Global Communications Corp. with the Canadian securities commissions (available on SEDAR at www.sedar.com ), as updated in our most recent Management's Discussion and Analysis for the nine months ended May 31, 2009. Unless required by law, we disclaim any intention or obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.
About Canwest Global Communications Corp.
Canwest Global Communications Corp. (www.canwest.com) is Canada's largest media company. In addition to owning the Global Television Network, operating 18 industry-leading specialty channels and having ownership in 5 specialty channels, Canwest is Canada's largest publisher of English language paid daily newspapers and owns and operates more than 80 online properties.
SOURCE: Canwest Global Communications Corp.
Canwest Global Communications Corp. Media: John Douglas, 204-953-7737 Senior Vice President, Public Affairs jdouglas@canwest.com or Investors: Hugh Harley, 204-953-7731 Director, Investor Relations hharley@canwest.com
Tags: business canada communications law media online partnership publisher restructuring securities television
Companies: CanWest Global Communications Corp. (CGS)
WINNIPEG, Oct 15, 2009 (BUSINESS WIRE) --
Canwest Global Communications Corp. ("Canwest") announced today that it has received a letter from The Toronto Stock Exchange ("TSX") indicating that the Listings Committee of the TSX has determined to delist Canwest's subordinate voting shares (TSX: CGS) and non-voting shares (TSX: CGS.A) effective at the close of market on November 13, 2009.
The delisting was imposed for failure by Canwest to meet the continued listing requirements of the TSX, as detailed in Part VII of The TSX Company Manual. Trading in Canwest's subordinate voting shares and non-voting shares will remain suspended. Any appeal of this delisting decision must be initiated by October 21, 2009.
Forward Looking Statements:
This news release contains certain forward-looking statements about the objectives, strategies, financial conditions, results of operations and businesses of Canwest. Statements that are not historical facts are forward-looking and are subject to important risks, uncertainties and assumptions. These statements are based on our current expectations about our business and the markets in which we operate, and upon various estimates and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events if known or unknown risks, trends or uncertainties affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that the circumstances described in any forward-looking statement will materialize. Significant and reasonably foreseeable factors that could cause our results to differ materially from our current expectations are discussed in the section entitled "Risk Factors" contained in our Annual Information Form for the year ended August 31, 2008 dated November 24, 2008 filed by Canwest Global Communications Corp. with the Canadian securities commissions (available on SEDAR at www.sedar.com), as updated in our most recent Management's Discussion and Analysis for the nine months ended May 31, 2009. Unless required by law, we disclaim any intention or obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.
About Canwest Global Communications Corp.
Canwest Global Communications Corp. (www.canwest.com) is Canada's largest media company. In addition to owning the Global Television Network and 23 industry-leading specialty channels, Canwest is Canada's largest publisher of English language paid daily newspapers and owns and operates more than 80 online properties.
SOURCE: Canwest Global Communications Corp.
Canwest Global Communications Corp. Media: John Douglas, 204-953-7737 Senior Vice President, Public Affairs jdouglas@canwest.com or Investors: Hugh Harley, 204-953-7731 Director, Investor Relations hharley@canwest.com
Tags: business canada communications law market media online publisher securities television
Companies: CanWest Global Communications Corp. (CGS)
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WINNIPEG, Dec. 7 /PRNewswire-FirstCall/ - CanWest Global Communications Corp. has filed its Annual Report to Shareholders and Form 40-F with the Securities and Exchange Commission. Both of these documents are available online at CanWest Global Communications Corp.'s website at http://www.
http://www.ct-careers.com/pressreleases/12-07-2006/0004487492.htm
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Canwest Shares to Trade on the TSX Venture Exchange (WINNIPEG – November, 13, 2009) Canwest Global Communications Corp (“Canwest”) announced today that its subordinate voting ...
Canwest Global Communications Corp. (TSX: CGS, TSX: CGS.A), operating under the corporate brand Canwest, is one of Canada 's largest international media companies.
CanWest Global Communications Corporation (CWG) stock profile information from InvestorWords - The Most Comprehensive Investing Glossary on the Web! Over 6000 financial and ...
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