CanWest Global Communications Announces Major Sports Agreement For TV3 New Zealand: Future Looks Brighter as TV3 Becomes Leading Sports Broadcaster In New Zealand.WINNIPEG, Manitoba--(BUSINESS WIRE)--Sept. 16, 1999-- (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CGS.S.) (WINNIPEG STOCK EXCHANGE:CGS.S.) (TSE:CGS.A.) (WINNIPEG STOCK EXCHANGE:CGS.A.) (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) ) 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., Canada's leading international media company announced its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. TV3 New Zealand has completed a deal which will make the network the country's leading free-to-air sports broadcaster. Beginning December 1st, 1999, TV3 will carry a comprehensive schedule of domestic Cricket, Rugby and Rugby League games. The deal with the SKY Network will see TV3 add extensive coverage of cricket test matches, one-day international cricket, the Super 12 Rugby League, and the prestigious international rugby matches featuring the world famous New Zealand All-Blacks. "Sport is fundamental to the culture of New Zealand The culture of New Zealand is a synthesis of home-grown and imported cultures. The country's earliest inhabitants brought with them customs and language from Polynesia and developed their own Māori and Moriori cultures. ," said CanWest Pacific Chief Executive Officer Gerry Noble. "We are very proud and excited that TV3 will be the free-to-air broadcaster of the country's leading summer and winter sports, and cementing our commitment to bring the best and most popular programming to New Zealand viewers." The agreement to broadcast the cricket and rugby is part of a larger commercial arrangement between TV3 and SKY offering long term benefits for both, including carriage of TV3 on SKY's digital platform beginning on January 1st, 2000. SKY is part of the News Corporation. In addition, Graeme Hunter, Managing Director of TV3 announced the appointment of Kristin Marlowe as Program Director. Kristin is returning to her native New Zealand after serving as Deputy Program Director for Network TEN in Australia. CanWest Global Communications Corp. (NYSE:CWG) (TSE, WSE WSE Web Services Enhancements (Microsoft) WSE Warsaw Stock Exchange (Warsaw, Poland) WSE Symposium on Web Site Evolution (IEEE International Symposum) : CGS.S and CGS.A) (www.canwestglobal.com) is an international media company. CanWest owns and operates conventional television and specialty cable operations in Canada; television and radio broadcast operations in New Zealand, and has significant investments in broadcasters in Australia, Ireland and the United Kingdom. CanWest Entertainment, the Company's program production and distribution division has offices in Canada, the U.K. and the U.S. The Company also has a New Media Division focused on acquiring and developing Internet companies. |
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