Friday, September 4, 2009

Canwest does deal with local investor group for CHEK

RELEASE -- Canwest Global Communications Corp. (“Canwest”) announced today that its subsidiary, Canwest Television Limited Partnership has entered into an agreement to sell CHEK-TV in Victoria (“CHEK”) to a local investor group (“LIG”). For a nominal purchase price that was not disclosed, the LIG will take ownership of the conventional television station’s assets. The change of control and issuance of a new licence is conditional on Canadian Radio-television and Telecommunications Commission (“CRTC”) approval. The LIG intends to file an application with the CRTC requesting the transfer of ownership of the station licence as soon as possible.

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