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8/13/2010 |
Category: Corporate |
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Shaw’s acquisition of Restructured Canwest cleared by Competition Bureau
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(Winnipeg - August 13, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that the Competition Bureau has concluded its review and will not challenge the proposed transaction between Canwest and Shaw Communications Inc. contemplated by the restated consolidated plan of compromise, arrangement and reorganization (the “Plan”) relating to Canwest, Canwest Media Inc. (“CMI”) and certain of its subsidiaries (collectively, the “CMI Entities”) pursuant to the Companies’ Creditors Arrangement Act (Canada) and the Canada Business Corporations Act. The Plan was sanctioned by the Ontario Superior Court of Justice (Commercial List) on July 28, 2010.
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7/28/2010 |
Category: Corporate |
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Court sanctions Canwest’s restated consolidated plan of compromise, arrangement and reorganization
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(Winnipeg - July 28, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has issued a sanction order (the “Sanction Order”) approving the restated consolidated plan of compromise, arrangement and reorganization (the “Plan”) relating to Canwest, Canwest Media Inc. (“CMI”) and certain of its subsidiaries (collectively, the “CMI Entities”) pursuant to the Companies’ Creditors Arrangement Act (Canada) and the Canada Business Corporations Act.
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7/19/2010 |
Category: Corporate |
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Affected creditors approve restated consolidated plan of compromise, arrangement and reorganization
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(Winnipeg - July 19, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that the affected creditors of Canwest, Canwest Media Inc. (“CMI”) and certain of its subsidiaries (collectively, the “CMI Plan Entities”) have overwhelmingly approved a restated consolidated plan of compromise, arrangement and reorganization pursuant to the Companies’ Creditors Arrangement Act (Canada) and the Canada Business Corporations Act (the “Plan”).
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7/15/2010 |
Category: Corporate |
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Canwest Global Communications Corp. Reports Third Quarter 2010 Results
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(Winnipeg - July 15, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) today reported(1) consolidated financial results for its third quarter ended May 31, 2010 that show top line growth and significantly better operating profits(2) reflecting a stronger advertising market and the benefits of lower operating costs.
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7/13/2010 |
Category: Corporate |
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Canwest Limited Partnership and its affiliates implement plan of compromise and arrangement
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(Winnipeg - July 13, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that its subsidiaries Canwest (Canada) Inc., Canwest Limited Partnership / Canwest Societe en Commandite and certain of their subsidiaries (collectively, the “LP Entities”) have successfully implemented their amended plan of compromise and arrangement under the Companies' Creditors Arrangement Act (Canada) (the “CCAA”) as previously approved by the Ontario Superior Court of Justice ( Commercial List ) on June 18,2010 and consequently their newspaper and digital media businesses have emerged from creditor protection under the ownership of a newly incorporated company - Postmedia Network Inc.
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6/23/2010 |
Category: Corporate |
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Canwest authorized to hold meetings of Affected Creditors
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(Winnipeg, June 23, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has accepted for filing the consolidated plan of compromise, arrangement and reorganization (the “Plan”) relating to Canwest, Canwest Media Inc. (“CMI”) and certain of its subsidiaries (collectively, the “CMI Entities”) pursuant to the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) and the Canada Business Corporations Act.
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6/18/2010 |
Category: Corporate |
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Court approves the plan of compromise and arrangement of Canwest Limited Partnership and its subsidiaries
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(Winnipeg - June 18, 2010) – Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has issued a Sanction and Vesting Order approving the amended plan of compromise and arrangement (the “Plan”) submitted by Canwest (Canada) Inc., Canwest Limited Partnership / Canwest Societe en Commandite and certain of their subsidiaries (collectively, the “LP Entities”) under the Companies' Creditors Arrangement Act (Canada) (the “CCAA”).
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6/17/2010 |
Category: Corporate |
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Canwest seeks creditors’ approval of recapitalization transaction
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(Winnipeg - June 16, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that it, Canwest Media Inc. (“CMI”) and certain of CMI’s subsidiaries (collectively, the “CMI Entities”) are seeking an order of the Ontario Superior Court of Justice (Commercial List) (the “Court”) to call meetings of creditors to be held on July 19, 2010.
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6/14/2010 |
Category: Corporate |
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Creditors of Canwest Limited Partnership and its subsidiaries approve the plan of compromise and arrangement
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(Winnipeg - June 14, 2010) Canwest Global Communications Corp. announced today that affected creditors of Canwest (Canada) Inc., Canwest Limited Partnership / Canwest Societe en Commandite and certain of their subsidiaries (collectively, the “LP Entities”) overwhelmingly approved the proposed amended plan of compromise and arrangement (the “Plan”) submitted to them under the Companies' Creditors Arrangement Act (Canada).
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6/14/2010 |
Category: Corporate |
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Canwest Director Resigns
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(Winnipeg - June 14, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that Ms. Margot M. Micallef has tendered her resignation from the Company's Board of Directors effective immediately.
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6/10/2010 |
Category: Corporate |
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Purchaser of Canwest Limited Partnership businesses proposes amendments to capital structure
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(Winnipeg - June 10, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that members of an ad hoc committee of and certain other holders of 9.25% senior subordinated notes (the “AHC”) issued by Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”) in relation to their bid (the “AHC Bid”) to acquire substantially all of the assets and businesses of the Limited Partnership and certain of its subsidiaries (collectively, the “LP Entities”) have proposed amendments to the composition of their funding commitment.
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6/9/2010 |
Category: Corporate |
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Meeting of unsecured creditors of Canwest Limited Partnership and its subsidiaries adjourned to June 14, 2010
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(Winnipeg - June 9, 2010) Canwest Global Communications Corp. announced today that FTI Consulting Canada Inc., the Court-appointed monitor in the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) proceedings for Canwest (Canada) Inc., Canwest Limited Partnership / Canwest Societe en Commandite and certain of their subsidiaries (collectively, the “LP Entities”), has adjourned the meeting of unsecured creditors (“Creditors’ Meeting”) to June 14, 2010. The Creditors’ Meeting was previously scheduled for June 10, 2010.
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6/8/2010 |
Category: Corporate |
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Canwest Global Communications Corp.’s Stay Period under Companies’ Creditors Arrangement Act extended
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(Winnipeg - June 8, 2010) Canwest Global Communications Corp. (“Canwest”) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted the request by Canwest, Canwest Media Inc. and certain of its subsidiaries (together, the “CMI Entities”) for an extension of the stay period granted under the Companies’ Creditors Arrangement Act to September 8, 2010.
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5/17/2010 |
Category: Corporate |
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Court approves $1.1 billion offer to acquire the businesses of Canwest Limited Partnership and its subsidiaries
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(Winnipeg - May 17, 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 approving and authorizing a bid made by members of an ad hoc committee (the “AHC”) of holders of 9.25% senior subordinated notes issued by Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”) to acquire substantially all of the assets of the Limited Partnership and certain of its subsidiaries (collectively, the “LP Entities”).
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5/17/2010 |
Category: Corporate |
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Court approves a meeting of unsecured creditors of Canwest Limited Partnership and its subsidiaries
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(Winnipeg - May 17, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that the Ontario Superior Court of Justice (Commercial List) has granted an order authorizing Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”)and certain of its subsidiaries (collectively, the “LP Entities”) to call and convene a meeting of its unsecured creditors on June 10, 2010.
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5/10/2010 |
Category: Corporate |
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Canwest approves $1.1 billion offer to acquire the businesses of Canwest Limited Partnership
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(Winnipeg - May 10, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that it has approved a bid to acquire substantially all of the assets of Canwest Limited Partnership / Canwest Societe en Commandite (the “Limited Partnership”) and certain of its subsidiaries (collectively, the “LP Entities”), by members of an ad hoc committee (the “AHC”) of holders of 9.25% senior subordinated notes issued by the Limited Partnership being led by Paul Godfrey.
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5/3/2010 |
Category: Corporate |
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Restructured Canwest to become a wholly-owned subsidiary of Shaw
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(Winnipeg - May 3, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today that agreements have been reached between Shaw Communications Inc. (“Shaw”), certain of the senior subordinated noteholders of Canwest Media Inc. (“CMI”), and Goldman Sachs Capital Partners and certain of its affiliates (together, the “Goldman Sachs Entities”) that contemplate a purchase by Shaw of all of the shares of a restructured Canwest (“Restructured Canwest”) upon completion of the proposed recapitalization transaction and a purchase by Shaw of all of the Goldman Sachs Entities’ equity and voting interests in Canwest’s subsidiary, CW Investments Co. (the “CW Media Group”).
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4/23/2010 |
Category: Corporate |
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Canwest Limited Partnership announces Interim President
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(Toronto) Canwest Limited Partnership / Canwest Societe en Commandite (“Canwest LP”), a subsidiary of Canwest Global Communications Corp. (“Canwest”) today announced the appointment of Kevin Bent to the position of Interim President of Canwest Publishing Inc. effective May 1, 2010. Mr. Bent will report to the special committee of Canwest’s board of directors.
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4/15/2010 |
Category: Corporate |
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Notice of Teleconference Call - CW Media Holdings Inc.
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(Toronto - April 15, 2010) You are invited to participate in a teleconference call to review CW Media Holdings Inc.’s second quarter and first six months financial results for the 2010 fiscal year.
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4/15/2010 |
Category: Corporate |
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Canwest modifies and extends milestones for recapitalization plan and debtor-in-possession financing
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(Winnipeg - April 15, 2010) Canwest Global Communications Corp. (“Canwest” or the “Company”) announced today it has agreed with the members of the ad hoc committee (the “Ad Hoc Committee”) of 8% senior subordinated noteholders of Canwest Media Inc. (“CMI”) to finalize and deliver to the Ad Hoc Committee a consensual recapitalization plan (the “Plan”) of the Company, CMI and certain of their subsidiaries (together, the “CMI Entities”), together with an information circular for a creditors’ meeting in respect of the Plan, no later than April 30, 2010.
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