TORONTO, Dec. 20 /CNW/ - CanWest Global Communications Corp. ("CanWest")
today responded to the decision issued today by the Canadian Radio-television
and Telecommunications Commission ("CRTC") which approves the acquisition of
the regulated broadcasting assets of Alliance Atlantis.
"We are very pleased with today's decision and with the timely manner in
which the Commission was able to render it," said Leonard Asper President and
CEO of CanWest. "We thank the management and employees of both companies
involved for their patience and hard work during this process and we are
looking forward to moving ahead and bringing Alliance Atlantis into the
"The acquisition of Alliance Atlantis' specialty broadcasting channels
will ensure that the Canadian broadcasting system has another strong
competitor in the conventional/specialty marketplace," said Kathy Dore,
President of Television for CanWest MediaWorks. "I believe that the combined
expertise of CanWest and Alliance Atlantis will allow us to produce even
better Canadian content, promote it more effectively and provide greater
access to more viewers across more platforms."
In rendering its decision, the Commission has imposed certain conditions
that will have no material impact on our business. "We will endeavour to file
all necessary amendments and information as required as soon as possible in
order to satisfy the conditions set out in the decision," said Leonard Asper.
Forward Looking Statements
This news release contains certain comments or forward-looking statements
about the objectives, strategies, financial conditions, and results of
operations and businesses of CanWest. Statements that are not historical facts
are forward-looking and are subject to important risks, uncertainties and
assumptions. These statements are based on our current expectations about our
business and the markets in which we operate, and upon various estimates and
assumptions. The results or events predicted in these forward-looking
statements may differ materially from actual results or events if known or
unknown risks, trends or uncertainties affect our business, or if our
estimates or assumptions turn out to be inaccurate. As a result, there is no
assurance that the circumstances described in any forward-looking statement
will materialize. Significant and reasonably foreseeable factors that could
cause our results to differ materially from our current expectations are
discussed in the section entitled "Risk Factors" contained in our Annual
Information Form for the year ended August 31, 2007 dated November 29, 2007
filed by CanWest Global Communications Corp. with the Canadian securities
commissions (available on SEDAR at www.sedar.com). We disclaim any intention
or obligation to update any forward-looking statement even if new information
becomes available, as a result of future events or for any other reason.
About CanWest Global Communications Corp.
CanWest Global Communications Corp. (www.canwestglobal.com), (TSX: CGS
and CGS.A,) an international media company, is Canada's largest media company.
In addition to owning the Global Television Network, CanWest is Canada's
largest publisher of English language daily newspapers and owns, operates
and/or holds substantial interests in conventional television, out-of-home
advertising, specialty cable channels, web sites and radio stations and
networks in Canada, Australia, Turkey, Indonesia, Singapore, the United
Kingdom and the United States.
For further information:
For further information: Tammy Bender, Manager, Public Relations,
CanWest Global Communications Corp., (416) 442-2177, firstname.lastname@example.org