Canwest entered bankruptcy protection in late 2009, leading to the sale of the company's assets.
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Canwest entered bankruptcy protection in late 2009, leading to the sale of the company's assets.
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Canwest previously owned broadcasting operations in Australia, New Zealand, the Republic of Ireland and Turkey.
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Canwest bought controlling interest in Global, now using the callsign CIII-TV, in 1985, thus becoming the first western-based owner of a major Canadian broadcaster.
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Canwest subsequently invested in or acquired other independent TV stations across Canada.
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Canwest 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 issued a successful initial public offering on the Toronto Stock Exchange.
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Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black, in order to pursue a media convergence strategy.
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Canwest was initially slow to invest in specialty channels due to the strength of its terrestrial network.
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Under the deal, Canwest took control of the broadcasting portion of AAC, although Goldman Sachs remained a major investor in those assets.
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Canwest 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.
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In May 2009, Canwest sold off four radio stations in Turkey to Spectrum Medya.
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Canwest 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.
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Canwest 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.
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