Drinnan, John
March 2004
Daily Variety;3/22/2004, Vol. 282 Issue 61, p10
Trade Publication
Canada based CanWest Global Communications Corp. is planning a float of a minority share of its wholly owned New Zealand TV and radio operations. CanWest is reportedly looking to float up to 49% of stocks, but industry papers expect it will remain two-thirds. CanWest has two TV networks and half of Canada's commercial radio stations, as well as a significant chunk of local media business. Peter Shorthouse, a media analyst with ABN-Amro in Sydney, said that CanWest provided little information on its local business, and it has become difficult to assess the value of the company.


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