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3/12/2010 |
Category: Corporate |
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Canwest Limited Partnership continues Sale and Investor Solicitation Process
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(WINNIPEG – March 12, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that, Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”) and certain of its subsidiaries (collectively, the “LP Entities”), in connection with their ongoing financial restructuring under Companies’ Creditors Arrangement Act (the “CCAA”) has initiated Phase 2 of the previously announced court-supervised sale and investor solicitation process (the “SISP”).
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3/12/2010 |
Category: Corporate |
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Dennis Skulsky resigns from Canwest Limited Partnership
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(Toronto - March 12, 2010) Canwest Limited Partnership / Canwest Societe en Commandite (“Canwest LP”), a subsidiary of Canwest Global Communications Corp. (“Canwest”) today announced the resignation of Dennis Skulsky as President and Chief Executive Officer of Canwest Publishing effective April 30, 2010, in order that he can spend more time with his family and pursue other opportunities closer to his home in British Columbia.
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3/4/2010 |
Category: Corporate |
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Canwest announces resignation of Leonard Asper
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(Winnipeg - March 4, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today that Mr Leonard Asper has tendered his resignation as President and Chief Executive Officer and all other director and officer positions with Canwest and its subsidiaries in order to pursue other business opportunities and to avoid any concerns regarding potential conflicts of interest. Mr. Asper will continue to provide the Company with advice through a consulting agreement until such time that Canwest emerges from CCAA protection.
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2/19/2010 |
Category: Corporate |
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Court approves agreement with Shaw to invest equity in a Restructured Canwest upon emergence from creditor protection
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(Winnipeg - February 19, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted an order (“Approval Order”) approving and authorizing the Company to enter into a Subscription Agreement with Shaw Communications Inc (“Shaw”) and the other transaction agreements relating to Shaw’s commitment to make an equity investment in a restructured Canwest (“Restructured Canwest”) upon completion of the Company’s proposed recapitalization transaction.
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2/12/2010 |
Category: Corporate |
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Canwest reaches agreement on equity investment
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(Winnipeg – February 12, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today that it has secured an equity investment commitment from Shaw Communications Inc (“Shaw”) to invest in a restructured Canwest (“Restructured Canwest”) upon completion of the Company’s recapitalization transaction.
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2/10/2010 |
Category: Corporate |
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Canwest announces further changes to its Board of Directors
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(Winnipeg - February 10, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today that Ms Gail Asper OC, OM, LLD, Mr David Asper and Ms Lisa Pankratz have tendered their resignations from the Company’s Board of Directors and all other director and officer positions with Canwest and its subsidiaries.
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2/5/2010 |
Category: Corporate |
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Canwest Limited Partnership completes Debtor-in-Possession Financing Agreement
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(Winnipeg - February 5, 2010) Canwest Global Communications Corp (“Canwest”) announced today that its subsidiary, Canwest Limited Partnership / Canwest Societe en Commandite and its general partner, Canwest (Canada) Inc, and their subsidiaries Canwest Publishing Inc /Publications Canwest Inc and Canwest Books Inc (collectively, the “LP Entities”) have entered into a senior secured super-priority debtor-in-possession (“DIP”) credit agreement pursuant to which DIP financing of up to $25 million has been made available to the LP Entities in connection with their ongoing financial restructuring. This DIP financing was arranged and approved by the Ontario Superior Court of Justice (Commercial List) in January, when the LP Entities filed for creditor protection under the Companies’ Creditors Arrangement Act. Since that time, the LP Entities and the DIP lenders have been negotiating the necessary agreements and other documents associated with the DIP financing. More information about LP Entities’ restructuring process can be found at www.canwest.com and on the Monitor’s website at http://cfcanada.fticonsulting.com/clp.
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2/2/2010 |
Category: Corporate |
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Canwest Limited Partnership Stay Period under Companies’ Creditors Arrangement Act extended
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(Winnipeg - February 2, 2010) Canwest Global Communications Corp (“Canwest”) announced today that the Ontario Superior Court of Justice (Commercial Division) (the “Court”) has granted the request by its subsidiary, Canwest Limited Partnership / Canwest Societe en Commandite and its general partner, Canwest (Canada) Inc, and their subsidiaries Canwest Publishing Inc. / Publications Canwest Inc. and Canwest Books Inc for an extension of the stay period granted under the Companies’ Creditors Arrangement Act to April 14, 2010. In its Initial Order obtained on January 8, 2010, the Court provided a 30 day Stay Period.
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1/29/2010 |
Category: Corporate |
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Date for creditor approval of Canwest recapitalization plan extended
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(Winnipeg - January 29, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today it has agreed with the members of the ad hoc committee of 8% senior subordinated noteholders (the “Ad Hoc Committee”) of Canwest Media Inc (“CMI”) to extend to March 26, 2010 the date by which a recapitalization plan of the Company, CMI and certain of their subsidiaries must be approved by creditors under the terms of the Support Agreement and the Use of Cash Collateral and Consent Agreement. The previous deadline to receive creditor approval was January 30, 2010.
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1/27/2010 |
Category: Corporate |
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Canwest Limited Partnership’s senior secured lenders approve Plan of Compromise or Arrangement
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(Winnipeg - January 27, 2010) Canwest Global Communications Corp’s (“Canwest” or the “Company”) announced today that senior secured lenders of its subsidiary, Canwest Limited Partnership / Canwest Societe en Commandite and certain of its subsidiaries (collectively, the “LP Entities”) voted in favour of a resolution to approve a plan of compromise or arrangement (the “Plan”), which forms part of the support agreement entered into by the LP Entities with its senior secured lenders on January 8, 2010 (the “Support Agreement”). The Plan was filed with the Ontario Superior Court of Justice (Commercial List) (the “Court”) on January 8, 2010 in connection with the Initial Order granted in the LP Entities’ Companies’ Creditors Arrangement Act proceedings.
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1/21/2010 |
Category: Corporate |
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Canwest Global Communications Corp.’s Stay Period under Companies’ Creditors Arrangement Act extended
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(Winnipeg - January 21, 2010) Canwest Global Communications Corp. (“Canwest”) announced today that the Ontario Superior Court of Justice (Commercial Division) (the “Court”) has granted the request by Canwest, Canwest Media Inc. and certain of its subsidiaries for an extension of the Stay Period granted under the Companies’ Creditors Arrangement Act to March 31, 2010. In its Initial Order obtained on October 6, 2009, the Court provided a 30 day Stay Period which was subsequently extended to January 22, 2010.
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1/19/2010 |
Category: Corporate |
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Notice of Teleconference Call - CW Media Holdings Inc.
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(Toronto - January 19, 2010) You are invited to participate in a teleconference call to review CW Media Holdings Inc.’s first quarter fiscal 2010 financial results.
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1/13/2010 |
Category: Corporate |
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Canwest Global Communications Corp. Reports First Quarter 2010 Results
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(Winnipeg - January 13, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) today reported stronger financial results for the first quarter of its 2010 fiscal year that reflect improving revenue trends despite the slow economy and the significant progress that has been made to reduce the Company’s cost base.
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1/12/2010 |
Category: Corporate |
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Canwest Limited Partnership initiates sale and investor solicitation process
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(Winnipeg - January 12, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today that a sale and investor solicitation process (the “SISP”) has been initiated with respect to the assets and operations of Canwest Limited Partnership / Canwest Societe en Commandite (“Canwest LP”), Canwest (Canada) Inc and their subsidiaries Canwest Publishing Inc / Publications Canwest Inc, National Post Inc and Canwest Books Inc (collectively the “LP Entities”).
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1/11/2010 |
Category: Corporate |
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Canwest Director Resigns
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(Winnipeg - January 11, 2010) Canwest Global Communications Corp (“Canwest” or the “Company”) announced today that Mr Frank King has tendered his resignation from the Company's Board of Directors effective immediately. Mr. King has resigned in order to pursue a number of other business commitments, community service and time owed to his family after years of public and corporate service.
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1/8/2010 |
Category: Corporate |
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Canwest successfully obtains Court Order for creditor protection for its newspaper publishing and digital media subsidiaries
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(Winnipeg – January 8, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced that, further to its news release issued earlier today, its subsidiary Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”) and certain of its subsidiaries (collectively, the “LP Entities”), have voluntarily commenced proceedings under the Companies’ Creditors Arrangement Act (“CCAA”), having successfully obtained an Initial Order from the Ontario Superior Court of Justice (Commercial Division) (the “Court”).
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1/8/2010 |
Category: Corporate |
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Canwest Limited Partnership reaches agreement with senior secured lenders with respect to restructuring
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(Winnipeg - January 8, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that its subsidiary, Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”) and certain of its subsidiaries (collectively, the “LP Entities”), have entered into an agreement with certain senior secured lenders to support a pre-packed financial restructuring plan.
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12/1/2009 |
Category: Corporate |
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Ad hoc committee of 8% senior subordinated noteholders extends deadline for filing a recapitalization plan
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(WINNIPEG – December 1, 2009) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that members of the ad hoc committee of 8% senior subordinated noteholders (the “Ad Hoc Committee”) of Canwest Media Inc. have extended the date by which the Company must file a consensual recapitalization plan with the Ontario Superior Court of Justice (the “Court”) from November 30, 2009 to the twenty first day prior to the meeting of creditors of Canwest to be called to consider the recapitalization plan. The deadline for the meeting under the terms of the previously announced Support Agreement and the Use of Cash Collateral and Consent Agreement remains January 30, 2010. The Ad Hoc Committee has also indicated that it is prepared to enter into a corresponding amendment to the Use of Cash Collateral and Consent Agreement.
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12/1/2009 |
Category: Corporate |
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Notice of Teleconference Call - CW Media Holdings Inc.
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(Toronto - December 1, 2009) You are invited to participate in a teleconference call to review CW Media Holdings Inc.’s fourth quarter and year end fiscal 2009 financial results.
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11/27/2009 |
Category: Corporate |
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Canwest Global Communications Corp. Reports Fourth Quarter and Fiscal Year End 2009 Results
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(Winnipeg - November 27, 2009) Canwest Global Communications Corp (“Canwest” or the “Company”) today reported operating profits before restructuring, impairment and other one time expenses of $462 million for its fiscal year ended August 31, 2009. The Company undertook extensive operational restructuring initiatives resulting in substantially reduced operating expenses during the year. The Company’s operations are well positioned to benefit from an improving Canadian economy.
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