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Home > Company Index > Media > TV Broadcasting > CanWest Global Communications Corp.

CanWest Global Communications Corp.
NYSE: CWG
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 NEWS FROM THE STANDARD
The $2.4 Billion Canadian Handshake
Aug 01 2000 01:19 PM PDT

 PROFILE
CanWest can't do everything, but it can reach most of Canada through television, newspapers, and the Internet. CanWest Global Communications became Canada's biggest media conglomerate after a $2.1 billion acquisition of hundreds of newspapers from Hollinger, including the "Calgary Herald, Vancouver Sun," and 50% control of the "National Post." The company also got several Internet properties such as the portal site canada.com. The core of CanWest's business, however, is its 15 Canadian television stations and cable channels Prime TV and ROBTv (50%). It also owns all or part of several stations in Australia, Ireland, and New Zealand. Executive chairman Izzy Asper and his family control 87% of CanWest.

 COMPETITION
Bell Globemedia (dossier)
Canadian Broadcasting Corporation (dossier)
Quebecor Inc. (QBR)

 DEALS
Deal: Canwest, Hollinger Merge
Date Announced: 08.01.00
Value of transaction (US $Mil): 2400
Description: Two Canadian multimedia companies merge.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: August
2000 Sales (mil.): 497.30
1-Yr. Sales Growth: 23.2%
Employees: 721
Revenue per employee: $689,736.48

 KEY PEOPLE
• Leonard J. Asper
    CEO
• John E. Maguire
    CFO

 CONTACT INFO
3100 TD Centre, 201 Portage Ave.
Winnipeg Manitoba R3B 3L7, Canada
Phone: 1-204-956-2025
Fax: 1-204-947-9841
Online: Web Site

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