CanWest Applies For 8 Specialty Channels.WINNIPEG, Manitoba--(BUSINESS WIRE)--Oct. 1, 1997--(NYSE NYSE See: New York Stock Exchange : CWG, 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 it has submitted applications for 8 new specialty channels to the Canadian Radio-Television and Telecommunications Commission The Canadian Radio-television and Telecommunications Commission (CRTC, in French Conseil de la radiodiffusion et des télécommunications canadiennes) was established in 1968 by the Parliament of Canada to replace the Board of Broadcast Governors. . "In response to the CRTC's call for applications, three entertainment channel applications were submitted based on themes of Mystery, Action and Romance programming," stated Peter Viner, CanWest's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "CanWest has also continued its commitment to providing Canadians with news and information by applying for five regional all-news networks in the Maritimes, Quebec, Manitoba, Saskatchewan and British Columbia," he added. "In addition to Prime TV, which we are launching on October 17th to over 5 million cable homes, this represents CanWest's continuing drive to be a major player in the specialty television business," added Leonard Asper, CanWest's Vice President Corporate Development. "Specialty cable networks are now firmly established in Canada, receiving over $150 million in advertising revenue and $540 million in 1996. CanWest will therefore be encouraging the CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column to license all of the applicants in this process who are fully financed and who otherwise meet the basic criteria contained in the Commission's policies," Mr. Asper stated. CanWest Global Communications Corp. 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. Peter Viner, 204/956-2025 204/947-9841 (FAX) or CanWest Global Communications Corp. Leonard Asper, 204/956-2025 204/947-9841 (FAX) |
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