Canwest Acquires Stake In Ulster Tv.WINNIPEG, Manitoba--(BUSINESS WIRE)--Oct. 9, 1997--CanWest Global Commu(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). CGS.A. CGS.S., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on 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 2,4 percent0,000 ordinary shares of Ulster Television plc. This acquisition brings CanWest's share ownership in Ulster to approximately 7.4 percent of its 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. "We have acquired a position in Ulster TV as a strategic investment. In light of our planned investment in TV3, the new television network in the Republic of Ireland, we feel that an investment in Ulster is a natural extension of our Irish strategy. While we may increase our investment in Ulster's shares from time to time at acceptable prices, we have no intention in making a general offer for the company's shares, subject to there being no material change in circumstances," stated Leonard Asper, CanWest's Vice-President, Corporate Development. "Any future share acquisitions will of course be consistent with U.K. foreign ownership legislation." CanWest Global Communications Corp. (NYSE NYSE See: New York Stock Exchange - 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. Leonard Asper, 204/956-2025 FAX: 204/947-9841 or CanWest Global Communications Corp. Tom Strike, 204/956-2025 FAX: 204/947-9841 |
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