CanWest Global Communications
Summary
Canwest Global Communications Corporation (TSX Venture: CGS, TSX Venture: CGS.A), operating under the corporate brand Canwest, is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba at Canwest Place.The company entered creditor bankruptcy protection in late 2009. Shaw Communications reached a deal in spring 2010 with the main creditors of Canwest's broadcasting division, as well as Goldman Sachs Capital Partners (which co-owns several Canwest-operated channels through CW Media), to acquire full control of Canwest's broadcasting arm, as well as GSCP's interest in CW Media. This deal currently awaits the approval of the remaining creditors, the courts, the CRTC, and the Competition Bureau.On July 14, 2010, Canwest's newspaper arm was sold to a group of creditors led by National Post CEO Paul Godfrey, after formal approvals from the courts and creditors.
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28-Year-Old Chris Hughes Buys 98-Year-Old 'New Republic'
Chris Hughes, the 28-year-old Facebook co-founder and the founder of social action site Jumo, is moving from social networking to media with his acquisition of The New Republic. The magazine will “aggressively adapt to the newest technologies,” Hughes says in a letter to readers.
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Big Canadian publisher opts for paywall
Canada's largest newspaper publisher, Postmedia Network, is to to put up paywalls at all its 38 daily and community newspapers across the country.
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Postmedia Narrows Fourth-Quarter Loss
Newspaper and multimedia company Postmedia Network has sharply reduced its fourth-quarter losses despite a decline in revenue blamed on lower advertising and print circulation income. The publisher of the National Post, formerly part of Canwest, rep. . .
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In Canada and New Zealand, news agencies in flux illustrate the pressures on the co-op model
The Canadian Press and the New Zealand Press Association have a few things in common. They both serve as national news agencies to English-speaking countries with relatively small populations. For decades, they were both owned by their nation’s newspaper companies, in a co-operative ownership structure.
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Canada’s Postmedia files for public listing
Postmedia Network Canada Corp, the nation's largest chain of newspapers, filed to go public on the Toronto Stock Exchange, complying with a pledge made almost a year ago. Postmedia was created last July when creditors of the bankrupt newspaper unit of Canwest Global Communications Corp agreed to buy it for CAD 1.
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Canadian newspaper publisher to go public
One of Canada's largest newspaper publishers, Postmedia Network Canada Corp, has filed a preliminary prospectus as part of its plan to become a publicly traded company.
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The shakeup at MediaNews: Why it could be the leadup to a massive newspaper consolidation
[Our regular contributor Martin Langeveld spent 13 years as a publisher in MediaNews Group. That gives him an inside perspective on the company's bankruptcy filing, which he shares with us here. --Ed. ].
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Canada is most web-addicted nation: study
TORONTO (Hollywood Reporter) - Maybe it's all those Justin Bieber fans: Canadians log more time on the web and social media, including Facebook and YouTube, than any other nation.
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Shaw closes $2 billion deal for CanWest
TV News: TV deal approved by Canada's federal regulator -- Shaw Communications' $2 billion deal to take over the TV assets of CanWest Global Communications closed on Wednesday.
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Netflix to unveil Canadian service
TORONTO (Hollywood Reporter) - Netflix co-founder and CEO Reed Hastings will be in Toronto Wednesday to launch an online video subscription service that will allow Canadians to download their favorite flicks and TV shows for a monthly fee.
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