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  September 5, 2001
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Home > Company Index > Media > Television Production, Programming & Distribution > CINAR Corporation

CINAR Corporation
OTC: CINR
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 PROFILE
CINAR creates products for use in the classroom and the family room. The company develops and distributes children's TV programming and educational products. It produces animated and live-action TV shows, including "Arthur." The company has a library of 150 titles, comprising almost 2,000 hours of programming. It also owns educational software firm EduSoft. Husband and wife co-founders Ronald Weinberg and Micheline Charest along with former CFO Hasanain Panju were all fired in 2000 for allegedly pouring $122 million into unauthorized off-shore investments. In 2001 the company filed a $19 million lawsuit against the three. Weinberg and Charest collectively control 64% of the company's voting power.

 COMPETITION
Fox Entertainment Group, Inc. (FOX)
Scholastic Corporation (SCHL)
The Walt Disney Company (DIS)

 DEALS
Deal: Cinar Invests in Lightspan Stock
Date Announced: 11.03.99
Value of transaction (US $Mil): 23
Description: Cinar purchased 2.5 million shares of Lightspan's Series E preferred stock at $5.00 per share and $10 million of the company's common stock at the initial public offering price in private placement.

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 FINANCIAL OVERVIEW
Fiscal Year-End: November
1998 Sales (mil.): 98.50
1-Yr. Sales Growth: 49.7%
Employees: 429
Revenue per employee: $229,603.73

 KEY PEOPLE
• Barrie Usher
    CEO
• George Rossi
    CFO

 CONTACT INFO
1055 Rene Levesque Blvd. East
Montreal Quebec H2L 4S5, Canada
Phone: 1-514-843-7070
Fax: 1-514-843-7080
Online: Web Site

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