CanWest Acquires Additional WIC Shares.WINNIPEG, MANITOBA--(BUSINESS WIRE)--Sept. 22, 1997--CanWest Global Commu(NYSE NYSE See: New York Stock Exchange :CWG CWG Conversations with God CWG Core Working Group CWG Certification Working Group (WiMAX Forum) CWG Collaboration Working Group CWG Commercial Working Group (TAT-14) ; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CGS.S CGS.A) CanWest Global Communications CanWest Global Communications Corp. TSX: CGS TSX: CGS.A NYSE: CWG is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba, at the tallest building (CanWest Global Place) in the city and it is on the Corp. announced today that its wholly-owned subsidiary, CW Shareholdings Inc., acquired 1,080,900 additional Class B Non-Voting Shares of WIC WIC - WAN Interface Card Western International Communications Ltd., bringing its total Class B holdings to 5,883,808 Class B Non-Voting Shares, or approximately 24 percent of the outstanding Class B Non-Voting Shares. The purchase was made through a private transaction. "We have increased our position in WIC at this time as a strategic investment in a major participant in the Canadian communications industry. We continue to consider alternative means to build our relationship with WIC and may continue to increase our investment in WIC's shares from time to time at acceptable prices," stated Tom Strike, CanWest's Executive Vice-President. CanWest Global Communications Corp. (NYSE - CWG and TSE - CGS.S and CGS.A) is a leading international television broadcaster. In Canada, the Company owns and operates the Global Television Network. Internationally, the Company owns substantial economic interests in Australia's Network TEN, and New Zealand's TV3 and TV4 television networks and MoreFM radio network. CONTACT: CanWest Global Communications Corp. T.C. Strike, 204/ 956-2025 |
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