13 Facts About Canwest Global

Canwest Global Communications Corporation, which operated under the corporate name Canwest, was a major Canadian media conglomerate based in Winnipeg, Manitoba, with its head offices at Canwest Place.

Canwest Global previously owned broadcasting operations in Australia, New Zealand, the Republic of Ireland and Turkey.

Canwest Global subsequently invested in or acquired other independent TV stations across Canada.

Canwest Global then set up CKMI rebroadcasters in Montreal and Sherbrooke.

Canwest Global bought broadcasting assets internationally, including outlets in New Zealand, the Republic of Ireland, and Australia, although all were eventually sold off.

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In 1991, Canwest Global issued a successful initial public offering on the Toronto Stock Exchange.

Later that year, Canwest Global announced its acquisition of the Southam newspaper chain from Conrad Black, in order to pursue a media convergence strategy.

Canwest Global was initially slow to invest in specialty channels due to the strength of its terrestrial network.

Under the deal, Canwest Global took control of the broadcasting portion of AAC, although Goldman Sachs remained a major investor in those assets.

Canwest Global executives testified in the Canadian Radio-television and Telecommunications Commission hearings over fee-for-carriage, requesting that the commission force cable and satellite companies to pay for their signals without passing the fees on to their subscribers.

In May 2009, Canwest Global sold off four radio stations in Turkey to Spectrum Medya.

Canwest Global was often cited as an example of how the ownership of Canadian media has become concentrated in the hands of a few individuals and large corporations.

Canwest Global was one of the major campaign contributors to the BC Liberal party and gave regular column space to pundits from the Fraser Institute think tank.