Canwest

Last updated

2737469 Canada Inc.
FormerlyCanwest Global Communications Corporation
Company type Public
TSX: CGS
TSX: CGS.A
NYSE: CWG
Industry Mass media
Founded1974;50 years ago (1974)
Founder Izzy Asper
DefunctOctober 27, 2010;14 years ago (2010-10-27) (operations)
May 27, 2013;11 years ago (2013-05-27) (dissolution)
Fate Bankruptcy
Successor Shaw Media (broadcasting) and Postmedia Network (publishing spin-off)
Headquarters 201 Portage Avenue, ,
Area served
Canada, Australia, New Zealand, Ireland, United Kingdom, Turkey
Key people
Derek H. Burney
(Chairman of the Board)
Revenue C$ 2.867 billion (2009)
C$ 197 million (2009)
C$ 1.689 billion (2009)
Total assets C$ 3.876 billion (1Q 2010)
Total equity C$ 449 million (1Q 2010)
Number of employees
12,072 (May 2009)
Footnotes /references
[1]

Canwest Global Communications Corporation, which operated under the corporate name Canwest, was a major Canadian media conglomerate based in Winnipeg, Manitoba, with its head offices at Canwest Place (Now 201 Portage). It held radio, television broadcasting, and publishing assets in several countries, primarily in Canada.

Contents

Canwest was founded in 1974 by Izzy Asper through the formation of CIII-TV in Toronto under the Global Television Network. The company expanded through the 1980s and 1990s, with the initial public offering in 1991 as a publicly-traded corporation and the international expansion of its operations in Ireland, Australia, New Zealand, United Kingdom and Turkey. Throughout the years, under Leonard Asper, who became its President and CEO in 1999, Canwest grew into a major media powerhouse by acquiring media properties such as Western International Communications and the Southam newspaper publishing. In 2007, with Goldman Sachs, Canwest acquired the broadcasting arm of Alliance Atlantis. [2]

After years of debt, Canwest began to slowly collapse in 2008, amid the Great Recession and later entered bankruptcy protection in late 2009, which led to the sales of its publishing and broadcasting arms the following year to Postmedia Network, founded by National Post CEO Paul Godfrey and Shaw Communications, which later reorganized its media division as Shaw Media. [3] [4] On April 1, 2016, the broadcasting assets were subsumed into Corus Entertainment, an existing broadcasting firm also owned by the Shaw family. [5] [6]

Following the sale of assets, the company was renamed 2737469 Canada Inc., ceased to carry on business, and commenced bankruptcy proceedings under the Bankruptcy and Insolvency Act before finally being dissolved on May 27, 2013. [7] [8]

Operations

As of April 2009 (prior to seeking creditor protection), Canwest owned, in whole or part, a variety of Canadian media assets, including:

The company had previously sold off some of the smaller newspapers it had acquired in the Southam purchase. Canwest also previously owned broadcasting operations in Australia (as majority shareholder of Network Ten), New Zealand (through CanWest MediaWorks New Zealand), the Republic of Ireland (as a minority shareholder of TV3) and Turkey (as the owners of four radio stations).

History

Beginnings

In 1974, a group led by Israel Asper bought the assets of Pembina, North Dakota television station KCND-TV from broadcaster Gordon McLendon, moving the station to Winnipeg as an independent station CKND-TV. Asper, through his company, Canwest, eventually bought out his partners in the Winnipeg station. A few months later, the Asper group joined a consortium that bought CKGN-TV, a network of six simulcasting transmitters across Ontario that carried many of CKND's programs and was known on-air as the Global Television Network. Canwest bought controlling interest in Global, now using the callsign CIII-TV, in 1985, thus becoming the first western-based owner of a major Canadian broadcaster. He acquired the remaining stock in 1989. [9]

Canwest subsequently invested in or acquired other independent TV stations across Canada. Eventually, his station group became known as the "Canwest Global System." In 1997, Canwest bought a controlling interest in CKMI-TV, the privately owned CBC affiliate in Quebec City. Canwest then set up CKMI rebroadcasters in Montreal and Sherbrooke. With this move, Canwest's stations now had enough coverage of Canada that on August 18—the day CKMI officially disaffiliated from CBC—Canwest scrubbed all local brands from its stations, rebranding them as "The Global Television Network," Canada's third television network. Throughout the 1990s, Global (and its antecedents) held Canadian rights to hit U.S. series such as Cheers , Friends , and Frasier .

Canwest also bought broadcasting assets internationally, including outlets in New Zealand, the Republic of Ireland, and Australia, although all were eventually sold off. In 1991, Canwest issued a successful initial public offering on the Toronto Stock Exchange. In June 1996, Canwest was listed on the New York Stock Exchange. [10]

Beyond broadcasting and the newspapers

Lacking a presence in Alberta, the company set its sights on Western International Communications, which owned three independent stations in that province that carried Global programming. It eventually bought that company's broadcasting assets in 2000. This not only boosted Global's coverage in western Canada but prompted the establishment of a second over-the-air service, originally known as CH, since in some areas the combined company had duplicate over-the-air coverage through multiple stations. Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black, in order to pursue a media convergence strategy. [ citation needed ]

The CanWest logo used from 1997 to 2008. CanWest Global Communications Corporation logo.svg
The CanWest logo used from 1997 to 2008.

Canwest was initially slow to invest in specialty channels due to the strength of its terrestrial network. In 1999, seeking to change this, the company announced a deal to buy out the Canadian partners of NetStar Communications, owner of TSN, but was stymied by U.S. partner ESPN, which had veto power over such a sale. ESPN instead came to terms with Canwest's main rival CTV, a longtime business partner of ESPN's parent company Disney, as an acceptable buyer, [11] which the selling partners eventually agreed to.[ citation needed ]

In an effort to get into the entertainment business, the company had bought out producer/distributor Fireworks Entertainment in 1998, [12] and gained interest in Seven Arts Pictures, a film production company. [13] CanWest would sell its entertainment unit in 2005. [14]

In 2005, CanWest released a new website canada.com which was a digital media platform for its digitally transformed brands. These included many local news outlets and larger "papers" as well as other media brands. The brands were represented under "canada.com Network" and included (taken from the website footer): Newspapers: National Post, Calgary Herald, Edmonton Journal, The Montreal Gazette, Ottawa Citizen, Regina Leader Post, The Saskatoon Star Phoenix, The Vancouver Sun, The Vancouver Province, Victoria Times Colonist, The Windsor Star, Dose, Vancouver Island Newspaper, VANNEET Newspaper; Television: Global, CH, Prime TV, Fox Sports World Canada, Lonestar, Mystery, Xtreme Sports, Deje View, mentv, Cool TV; Radio: CoolFM 99.1, 91.5 The Beat; Marketplace: working.com, driving.ca, connecting, celebrating, remembering, homes. The website experience was centred around news, city guides, activities and events to leverage advertising revenue. The site was designed by Cossette / Fjord out of Toronto, Canada in 2005.

In October 2005, CanWest's Canadian newspapers were sold into an IPO trust. Sold 25.8% of Canada's newspapers for C$550 million. Attached to the Canadian newspaper IPO was $850 million in long-term debt. CanWest bought back the 25.8% Newspaper Trust IPO (and debt) in November 2008, for cash considerations of $495 million.[ citation needed ] In April 2006, Canwest acquired four radio stations in Turkey: Super FM, Metro FM, Joy FM and Joy Turk FM from The Turkish Savings and Deposit Insurance Fund for aggregate cash consideration of US$61 million. [15]

The company was already one of the largest owners of Canadian local TV stations when Canwest and Goldman Sachs in 2007 announced they would jointly acquire Canadian producer and competing broadcaster Alliance Atlantis and its massive stable of wide-distribution specialty channels. Under the deal, Canwest took control of the broadcasting portion of AAC, although Goldman Sachs remained a major investor in those assets. Goldman retained or resold the remaining pieces of AAC, the distribution arm soon re-emerging as Alliance Films.[ citation needed ]

Canwest executives testified in the Canadian Radio-television and Telecommunications Commission hearings over fee-for-carriage, requesting that the commission force cable and satellite companies to pay for their signals without passing the fees on to their subscribers. In his testimony, Canwest president Leonard Asper blamed the current rules for the poor financial condition of Canada's broadcast television stations, a position which has subsequently been adopted and addressed through rule changes by the CRTC and FCC. [16]

Restructuring and creditor protection

Canwest's various acquisitions took a significant financial toll. As early as 2002, most of Canwest's operating income was going to pay interest on its high-interest-rate debt. By 2007, the company's bonds were downgraded to junk status. [17] By early 2009, it became clear the company's debt was not manageable during the Great Recession, forcing Canwest into an extended set of negotiations with its lenders and a series of cost-cutting moves. The company's income statements reported net losses in 2008 and 2009, even though its operating activities were profitable (before taxes, interest, and non-operating charges: C$197 million in 2009, vs. C$428 million in 2008).[ citation needed ]

In May 2009, Canwest sold off four radio stations in Turkey to Spectrum Medya. [18]

On August 31, 2009, Canwest shut down its secondary system E! (the former CH). Three of the former E! owned-and-operated stations CHCH Hamilton, CHEK Victoria, and CJNT Montreal were sold to third parties, while a fourth, CHBC Kelowna, was converted to a Global station. The remaining station, CHCA Red Deer, was closed as of the same date. [19] [20]

On September 24, the company announced that it would sell its 50.1% stake in Ten Network Holdings for A$680 million, [21] in order to pay down its significant debt. The sale of CanWest's Australian media operations reduced some C$582-million in debt tied to the Australian TV network, raising the total value Canwest can erase from its overall debt to more than C$1.2-billion. Before the Ten deal, Canwest held about C$3.8-billion of debt on its balance sheet. In court documents, Goldman Sachs alleges "fraudulent" and "abusive" changes to the internal operation of Canwest in the days before it filed for creditor protection. As part of the filing, the Wall Street investment bank is seeking to undo these changes, and has also claimed that CanWest's creditors should return the C$426 million they received from Canwest balance sheet in September, after CanWest sold its stake in Ten. [22]

On October 6, the company voluntarily filed for creditor protection under the CCAA, due to C$4 billion mounting debt across radio, television broadcasting and publishing assets in several countries. [23] At the same time it announced it had agreed to a recapitalization transaction with some of its lenders, which will likely require the approval of the Canadian Radio-television and Telecommunications Commission (CRTC). When completed, bondholders led by hedge funds West Face Capital, GoldenTree Asset Management, and Beach Point Capital Management [24] will own a majority of shares, leaving existing shareholders, including the Asper family, with a total of 2.3% of the "new" Canwest. However, the Aspers are expected to invest a further C$15 million in the restructured entity. [25]

In January 2010, CanWest's bonds commanded about 70 cents on the dollar. CanWest's bonds at one point traded for as little as 15 cents on the dollar. Several sources say that as CanWest notes increased fivefold in price, distressed-debt funds took profits on part of their position, with Angelo Gordon among the buyers. [26]

On February 3, 2010, [27] it was reported that a group led by Golden Tree Asset Management LP complained that "it was unfairly frozen out of the auction of Canwest Limited Partnership."[ citation needed ]

As part of the transaction, Canwest and some of its subsidiaries, including Canwest Media Inc., The National Post Company, and Canwest Television LP (the licensee of Global, MovieTime, DejaView, and Fox Sports World Canada) filed for creditor protection under the Companies' Creditors Arrangements Act. Canwest Limited Partnership, a subsidiary that owns the company's other newspaper assets and online properties, is negotiating separately with creditors and is expected to file for creditor protection at a later date. Specialty channels operated in partnership with other companies (such as TVtropolis, Mystery TV, MenTV, and the former Alliance Atlantis properties) are also not included in the present filing. Canwest shares were also suspended from trading on the TSX.

Canwest said that it was not being liquidated at this point, and the company insisted that the proceedings would make Canwest "a stronger industry competitor with a renewed financial outlook." Nevertheless, some analysts expected that the conglomerate would sell assets or be broken up entirely as the restructuring process continues, noting that the publishing division has a separate set of lenders. [24] As it turned out, the company would indeed be broken up.

Sale of assets to Shaw and Postmedia

In February 2010, the company announced an agreement with Shaw Communications whereby the latter company would buy an 80% voting interest, and 20% equity interest, in the restructured entity, pending approvals from the Canadian Radio-television and Telecommunications Commission (CRTC) and others. The company's newspapers were not part of the Shaw deal and were already sold separately to Postmedia Network. [28] However, the Asper family with Goldman and Catalyst made their own bid to retake Canwest with a $120 million bid in competition with the bid proposed by Shaw Communications. [29] On February 25, 2010, it was announced that Shaw Communications had won a court battle to continue their plans to purchase assets & voting shares from Canwest. After the announcement, Shaw revealed that its investment amounted to a minimum of $95-million in exchange for 20 percent of the equity and an 80 percent voting interest in the restructured company. [30]

Although Goldman, Catalyst, and the Aspers continued to work on their own bid after the Shaw agreement, Shaw announced a revised agreement, following court-ordered mediation, under which it would purchase the entirety of Canwest's broadcasting operations, including the portion owned by Goldman. [31] This deal was later modified following a second court-ordered mediation to include a settlement agreement between Shaw, creditors, and the Official Ad Hoc Committee of Shareholders, led by the Aspers, Blott Asset Management, L.L.C. and two other hedge funds. [32] This marked the first successful equity committee campaign in Canada under CCAA. A modified deal, including the Settlement Agreement, received the approval of the Ontario Superior Court on June 23, 2010, [33] the Competition Bureau as of August 13, 2010, [34] and was given final approval from the CRTC on October 22, 2010, with Canwest delisting itself from the TSX and officially ceasing operations that same month. [35] [36] Final closing would officially occur in October 2011 following the official CMI Transition Order. Meanwhile, Shaw Communications reorganized Canwest into Shaw Media.

After bankruptcy proceedings concluded under the Bankruptcy and Insolvency Act, Canwest, by this point known as 2737469 Canada, Inc., finally dissolved on May 27, 2013. Asper, through his Syngus Corp. holding company, went on to establish Anthem Media Group in 2010 and has since grew into the portfolio through the ownership of Impact Wrestling, AXS TV, Fight Network and GameTV.

In April 2016, the Shaw Media assets were subsumed by Shaw's sister company Corus Entertainment. [37] [6]

Corporate governance

Board of directors

The last members of the board of directors of the company were Derek Burney, David Drybrough, David Kerr, Leonard Asper, Izzy Asper, Lisa Pankratz, Frank McKenna, David Asper, and Gail Asper. [38] Gail Asper, David Asper, and Lisa Pankratz resigned from the board, and from all other director and officer positions within Canwest and its subsidiaries, on February 10, 2010. [39]

Editorial controversies

Since the 2000 acquisition of the major former Canadian newspaper holdings of Conrad Black's Hollinger International (now Sun-Times Media Group), including Canwest News Service, opposition has been expressed by some journalists, union spokespersons, politicians, and pundits about Canwest's enforcement of its corporate editorial positions. A 2001 decision to run regular uniform national editorials in all metropolitan dailies (except National Post ), whereby local editorial boards could not take local positions on subjects of national editorials, ignited major national controversy and was subsequently withdrawn.

Conflict over Canwest editorial control and policy has focused in particular on three issues:

See also

Related Research Articles

<span class="mw-page-title-main">Global Television Network</span> Canadian broadcast TV network

The Global Television Network is a Canadian English-language terrestrial television network. It is currently Canada's second most-watched private terrestrial television network after CTV, and has fifteen owned-and-operated stations throughout the country. Global is owned by Corus Entertainment — the media holdings of JR Shaw and other members of his family.

Lifetime is a Canadian English-language discretionary specialty channel based on the eponymous American basic cable channel owned by Showcase Television Inc., a subsidiary of Corus Entertainment. It broadcasts films, television shows and reality series aimed at women.

<span class="mw-page-title-main">CKND-DT</span> Global TV station in Winnipeg

CKND-DT is a television station in Winnipeg, Manitoba, Canada, part of the Global Television Network. The station is owned and operated by network parent Corus Entertainment, with studios on the 30th floor of 201 Portage in downtown Winnipeg, and transmitter atop the building.

<span class="mw-page-title-main">DejaView</span> Canadian specialty television channel

DejaView is a Canadian English language specialty television channel owned by Corus Entertainment. It primarily airs television shows from the 1970s to 2010s. The channel’s name is a play on the phrase Deja Vu

<span class="mw-page-title-main">Corus Entertainment</span> Canadian media/broadcasting company

Corus Entertainment, Inc. is a Canadian mass media and television production company. The company was founded in 1987 as Shaw Radio, Ltd. as a subsidiary of Shaw Communications and was spun-off from Shaw in 1999. It has prominent holdings in the radio, publishing, and television industries. Corus is headquartered at Corus Quay in Toronto, Ontario.

<span class="mw-page-title-main">FYI (Canadian TV channel)</span> Defunct Canadian television channel

FYI was a Canadian English language specialty channel owned by Discovery Health Canada, ULC, a subsidiary of Corus Entertainment. Based on the American cable network of the same name, the channel featured lifestyle programming, with a mix of reality, culinary, home renovation and makeover series.

<span class="mw-page-title-main">Shaw Communications</span> Former Canadian communications company

Shaw Communications Inc. was a Canadian telecommunications company which provided telephone, Internet, television, and mobile services. The company was founded in 1966 as Capital Cable Television Company, Ltd. by JR Shaw in Edmonton. The company was acquired by and amalgamated into Rogers Communications in 2023; most operations were rebranded to the Rogers brand beginning in July of that year, with services and sponsorships in former Shaw markets having used the transitional brand Rogers together with Shaw for promotional purposes.

Leonard Asper is a Canadian businessperson, entrepreneur and lawyer. He is a graduate of Brandeis University and the University of Toronto Law School, and is a member of the Ontario Bar Association and The Law Society of Upper Canada. He is the founder, owner and CEO of Anthem Sports & Entertainment.

<span class="mw-page-title-main">Western International Communications</span> Former Canadian media company

WIC Western International Communications Ltd. was a Canadian media company that operated from 1982 to 2000, with operations including broadcast and specialty television, radio, and satellite distribution via a majority interest in Canadian Satellite Communications.

<span class="mw-page-title-main">Slice (TV channel)</span> Canadian TV channel

Slice is a Canadian English language specialty channel owned by Corus Entertainment. The channel primarily broadcasts programming targeting young adult women, including general entertainment, reality, and true crime programming.

<span class="mw-page-title-main">SériesPlus</span> Canadian French television channel

SériesPlus is a Canadian French language specialty channel devoted to French-language scripted comedy and dramatic programming. The channel is owned by Corus Entertainment.

<span class="mw-page-title-main">CoolTV</span> Television channel

CoolTV was a Canadian English language category 2 digital cable specialty channel dedicated to the musical genres of jazz, blues and world music; including music videos, movies, concerts, and television series. Based in Winnipeg, Manitoba, CoolTV was owned by Canwest Media, a division of Canwest Global Communications.

<span class="mw-page-title-main">HGTV (Canadian TV channel)</span> Canadian pay TV channel

HGTV is a Canadian English-language discretionary cable and satellite specialty channel owned as a joint venture between Corus Entertainment and Warner Bros. Discovery. HGTV broadcasts programs relating to real estate, home and garden design, and renovations.

<span class="mw-page-title-main">IFC (Canadian TV channel)</span> Canadian TV channel (2001–2019)

IFC was a Canadian English language specialty channel. The channel was owned by Showcase Television, Inc., a subsidairy of Corus Entertainment known to broadcast independent films, documentaries, and television series.

<span class="mw-page-title-main">Historia (TV channel)</span> French-Canadian cable channel

Historia is a Canadian discretionary service owned by Corus Entertainment. The network broadcasts French-language programming related to history and historical fiction, and is a sister network to the English-language History; both channels operate as Canadian licensees of the U.S. network History.

In 2007, significant ownership changes occurred in Canada's broadcast television industry, involving nearly every private English-language network and television system. In addition to the shuffling of network affiliations and mergers involving various networks, several new television stations and rebroadcast transmitters also signed on the air.

Dusk was a Canadian English language specialty channel. Dusk broadcast programming consisting of films, television dramas, and reality TV, and documentary-style television series from the thriller, suspense and supernatural genres.

<span class="mw-page-title-main">Global Reality Channel</span> Canadian television channel

Global Reality Channel was a Canadian English language Category B specialty channel owned by Shaw Media. The channel broadcasts reality television series and related programming. It was an offshoot of the Shaw-owned Global Television Network, which is now owned by Corus Entertainment.

<span class="mw-page-title-main">Shaw Media</span>

Shaw Media, Inc. was the television broadcasting division of Shaw Communications. It owned the Global Television Network, which broadcasts nationally via 13 television stations, as well as 19 specialty channels including Slice, HGTV Canada, Showcase, Food Network Canada, and History. Shaw Media consisted of the broadcasting assets of the former Canwest. Shaw Media properties were acquired in April 2016 by sister company Corus Entertainment.

The first incarnation of E!, also referred to as E! Entertainment Television, was a Canadian English language privately owned television system that existed from 2001 to 2009 under the ownership of Canwest. At its peak it consisted of eight local television stations located in Quebec, Ontario, Alberta and British Columbia, including five stations owned and operated (O&O) by Canwest and three affiliates owned by Jim Pattison Group.

References

  1. "CanWest Global Communications Corp. financials". Google Finance. Archived from the original on January 7, 2016. Retrieved February 12, 2010.
  2. "Canwest Broadcast". Archived from the original on September 16, 2008.
  3. "Canwest newspaper chain to be called Postmedia Network, Paul Godfrey says". Toronto Star . The Canadian Press. July 2, 2010. Retrieved July 4, 2010.
  4. Shaw Communications (press release) (October 22, 2010). "SHAW ANNOUNCES ACQUISITION OF CANWEST BROADCASTING ASSETS EXPECTED TO CLOSE OCTOBER 27, 2010". Archived from the original (PDF) on October 2, 2020. Retrieved October 23, 2010.
  5. "Corus Entertainment acquires Shaw Media for $2.65-billion". The Globe and Mail. Retrieved January 13, 2016.
  6. 1 2 "Corus Entertainment Completes Acquisition of Shaw Media". Corus Entertainment. Archived from the original on June 10, 2016. Retrieved April 1, 2016.
  7. "Canwest’s restructuring Plan successfully implemented Archived July 22, 2012, at the Wayback Machine ", 2737469 Canada Inc. press release (via Shaw Media), 2010-10-27. Retrieved 2010-10-27.
  8. "Federal Corporation Information: 2737469 Canada Inc". Industry Canada. March 25, 2014. Retrieved April 26, 2014.
  9. Global history at Canadian Communications Foundation
  10. "CanWest Global Communications Corp. Archived December 5, 2005, at the Wayback Machine ", New York Stock Exchange
  11. "COMPANY NEWS; CTV AND ESPN AGREE TO BUY CONTROL OF NETSTAR". The New York Times. Associated Press. February 6, 1999. ISSN   0362-4331 . Retrieved April 11, 2023.
  12. Tillson, Tamsen (November 4, 2003). "Fireworks shoots hole in rosy CanWest". Variety. Retrieved July 15, 2023.
  13. Carver, Benedict (September 25, 1998). "Hoffman, Firestone form distribbery". Variety. Retrieved July 15, 2023.
  14. Dawtrey, Adam (July 22, 2005). "ContentFilm caps Fireworks sale". Variety. Retrieved July 15, 2023.
  15. "CanWest buy in Turkey". April 15, 2006.
  16. "'Pull your weight' Canwest tells CRTC". Marketing Magazine. Rogers Publishing. November 19, 2009. Retrieved October 19, 2015.
  17. Bourrie, Mark (February 1, 2010). "Roundup: Canadian media woes as major company undergoes failed media convergence experiment". iStockAnalyst. Archived from the original on March 22, 2012. Retrieved February 14, 2010.
  18. "CanWest exits Turkey radio". May 17, 2009.
  19. "Canwest closing TV stations in Alberta, B.C." Canadian Broadcasting Corporation. July 22, 2009. Retrieved October 19, 2015.
  20. "CHCA-TV fades to black" Archived July 19, 2012, at archive.today . Red Deer Advocate, Albertalocalnews.com (July 23, 2009).
  21. McFarland, Lyndal (September 24, 2009). "CanWest sells Ten Network stake for $680m". The Australian . Dow Jones Newswires. Retrieved July 9, 2011.
  22. Globe and Mail via FCB Nov 2, 2009 Archived October 6, 2014, at the Wayback Machine . Friends.ca (November 2, 2009).
  23. Clark, Andrew (October 6, 2009). "Canwest Global Communications files for bankruptcy protection". The Guardian . England. Retrieved July 9, 2011.
  24. 1 2 Robertson, Grant; Willis, Andrew (September 7, 2009). "The Asper dream ends, the selloff begins". The Globe and Mail . Canada.
  25. "Canwest wins court shelter for Global TV, Post". CBC News. October 6, 2009. Retrieved October 19, 2015.
  26. Willis, Andrew (November 4, 2009). "Hedge fund buys CanWest bonds". The Globe and Mail. Retrieved July 9, 2011.
  27. Sturgeon, Jamie (February 3, 2010). "Canwest creditors win round". Montreal Gazette . Archived from the original on March 10, 2010.
  28. "Shaw moves for Canwest control". Canadian Broadcasting Corporation. February 12, 2010. Retrieved October 19, 2015.
  29. Asper Re-bid. Mediaincanada.com.
  30. "Shaw wins court fight for CanWest assets". The Globe and Mail. February 20, 2010. Retrieved October 19, 2015.
  31. "Torstar confirms Canwest bid: Shaw wins Goldman support to buy TV assets". CBC News. May 3, 2010. Retrieved October 19, 2015.
  32. "Asper willing to bid on Canwest TV assets". Toronto Sun. June 21, 2010.
  33. "Court File No. CV-09-8396-00CL – REASONS FOR DECISION GRANTED JUNE 23, 2010" (PDF). Archived (PDF) from the original on April 25, 2012.
  34. Competition Bureau clears Shaw’s acquisition of Canwest. Digitalhome.ca.
  35. "Court File No. CV-09-8396-00CL – ORDER (CMI TRANSITION)" (PDF). FTI Consulting Canada Inc. October 21, 2011. Archived (PDF) from the original on April 25, 2012. Retrieved February 4, 2013.
  36. CRTC Hearings into Shaw Takeover of Canwest Global Set to Start. Broadcaster Magazine (September 20, 2010).
  37. "Broadcasting Decision CRTC 2016-110". CRTC. March 23, 2016. Retrieved March 23, 2016.
  38. "Canwest Board of Directors". Archived from the original on September 19, 2010. Retrieved October 27, 2010.
  39. "Canwest announces further changes to its Board of Directors". Business Wire. February 10, 2010. Retrieved October 19, 2015.
  40. "Citizen publisher fired after critical coverage of PM". CBC News. June 18, 2002.
  41. The Legislature Raids blog. Retrieved August 2, 2009.
  42. Bill Tieleman (blog). Retrieved August 2, 2009.
  43. "Is Gordon Campbell a 'made man'?" Archived July 20, 2008, at archive.today , Republic of East Vancouver. Retrieved August 2, 2009.
  44. "Harper promises Toronto a place in government". CBC News. January 18, 2006. Retrieved October 19, 2015.
  45. Fisk, Robert (December 18, 2002). "Journalists are under fire for telling the truth". The Independent . London, UK. Retrieved October 19, 2015.
  46. "Press for peace". The Queen's Journal . Ontario: Alma Mater Society of Queen's University. March 15, 2002. Archived from the original on September 20, 2004. Retrieved December 18, 2004.
  47. 1 2 "Canwest huffs and puffs while free speech burns". The Georgia Straight . July 17, 2008. Retrieved April 14, 2009.
  48. Austen, Ian (September 20, 2004). "Reuters Asks a Chain to Remove Its Bylines". The New York Times. ISSN   0362-4331 . Retrieved October 19, 2015.
  49. "Newspapers accused of misusing word 'terrorist'". CBC News. Canadian Broadcasting Corporation. September 17, 2004. Archived from the original on September 19, 2004. Retrieved September 18, 2004.
  50. "Reuters upset by CanWest's misuse of 'terrorist'". Canadian Broadcasting Corporation. September 17, 2004. Archived from the original on December 8, 2004. Retrieved December 18, 2004.
  51. "Media Giant Silences Local Voices: Canadian Journalism Under Attack". Gazette Newsroom. Federation Professionnelle Des Journalistes du Quebec. December 10, 2001. Archived from the original on February 13, 2002. Retrieved December 18, 2004.

Further reading