Business Services Industry
No veto on CanWest sale of Ten.
Australasian Business Intelligence, June, 2009
Byline: Jamie Freed
Jun 04, 2009 (The Age - ABIX via COMTEX) -- The conditions imposed by its lenders mean Canadian group CanWest cannot sell any assets without consultation, except for the stake of 57% it has in Australian free-to-air TV provider Ten Network. This has given rise to renewed speculation the holding will be divested, especially as Ten's stock has improved by about two thirds between March and June 2009.
Publication Date: 5 June 2009
TEN NETWORK HOLDINGS LIMITED - ASX TEN CANWEST GLOBAL COMMUNICATIONS CORPORATION APN NEWS AND MEDIA LIMITED - ASX APN INDEPENDENT NEWS AND MEDIA PLC
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