CanWest Increases Stake in Ulster TV.

WINNIPEG, Manitoba--(BUSINESS WIRE)--Nov. 19, 1997--CanWest Global Communications Corp. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE). :CGS CGS centimeter-gram-second system.

CGS or cgs
abbr.
centimeter-gram-second system.

CGS, c.g.s. .S.) (TSE: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. announced that its wholly-owned subsidiary, CanWest International Communications Inc., has acquired an additional 350,000 ordinary shares of Ulster Television plc., bringing CanWest's ownership to approximately 8.38 percent of Ulster's outstanding shares.

Ulster TV is the ITV (1) See interactive TV.

(2) (iTV) The code name for Apple's video media hub (see Apple TV). (Channel 3) television service provider in Northern Ireland.

Last month, the Company signed a broadcasting agreement with the Irish Independent Radio and Telecommunications Commission to operate TV3 in the Republic of Ireland. "We view Ulster TV as a strategic investment as we begin preparations for the launch of TV3 in The Republic of Ireland. We believe that there should be a productive and collaborative relationship between both companies," stated Leonard Asper, a CanWest 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, New Zealand's TV3 and TV4 television networks and More FM radio network and The Republic of Ireland's TV3 television network.

CONTACT: CanWest Global Communications Corp.

Leonard Asper, 204/ 956-2025

204/ 947-9841 (FAX)

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Publication:	Business Wire
Date:	Nov 19, 1997
Words:	209
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Topics:	Television broadcasting Television broadcasting industry Mergers, acquisitions and divestments

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