NetStar deal puts CanWest in prime time
Article Abstract:
CanWest Global Communications Corp will acquire a controling stake in NetStar Communications Inc. Around 68% of NetStar shareholders have accepted the offer but US specialty sports channel ESPN Inc, which owns 32% of NetStar has the option to seek another buyer. The acquisition, combined with its proposed purchase of eight television stations from WIC Western International Communications Ltd, would allow CanWest to hold 27% of the primetime viewing of adults between the ages of 18 and 49.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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CTV tops CanWest bid for NetStar
Article Abstract:
CTV Inc has announced that its would increase its bid for a 68% stake in NetStar Communications Inc to $394 million. CTV's offer topped the C$370- million offer by CanWest Global Communications Corp. The proposed deal was initiated by ESPN Inc, which owns the remaining 32% interest in NetStar. The 68% stake being bid out is owned by Stephen Bronfman of Claridge Inc (22.5%), Caisse de depot det placement du Quebec (22.5%), Reitmans (16.7%) and management (6%).
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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