Latest Canwest Global Communications Corp. Stories
Bondholders came to the rescue of Canada's CanWest Global Communications Corp.
The parent company of Canada's National Post newspaper said it will skip publishing nine Monday editions during the summer to save money. The announcement was made Wednesday by the CanWest Global Communications Corp., The Globe and Mail reported. The news couldn't be found on the Post's Web site. Staff was told the first Monday off would be July 6 and run through Sept.
Bondholders for Canada's largest media company, Canwest Global Communications Corp., gave the company another week to make a $30.4 million interest payment. After missing a payment to bondholders March 15, the company had a Tuesday deadline to come through, The Globe and Mail reported. The newspaper publisher and broadcaster is in two sets of talks -- one with lending banks and also with bondholders, who have secondary access to the funds after the banks. The Globe quoted sources as saying...
WASHINGTON, March 10 /PRNewswire/ -- Canwest Global Communications Corp. ("Canwest") announced yesterday that it has sold THE NEW REPUBLIC to a group of private investors and Martin Peretz. "We are grateful to Canwest for its partnership," said Peretz, the magazine's long-time editor-in-chief.
The Canadian media group Canwest Global Communications Corp.
- Withering but not falling off, as a blossom that persists on a twig after flowering.