CanWest eyes Thomson papers

Article Abstract:

CanWest Global Communications Corp. (Winnipeg) is interested in buying the five Canadian newspapers that Thomson Corp. is selling. According to Leonard Asper, CanWest president and CEO, linking CanWest's broadcasting properties with Thomson's newspapers will allow the company to develop Internet properties that exploit the content of each. Analysts estimate that Thomson could get about US$300-million for the five daily publications, which are the Winnipeg Free Press (Manitoba), Brandon Sun (Manitoba), the Chronicle-Journal (Thunder Bay, Ont.), Medicine Hat News (Alberta), and The Lethbridge Herald (Alberta). The Globe and Mail is the only one of the Thomson's scores of newspapers in Canada and the US that was not put on the block in February. Other contenders for the Canadian newspapers are Quebecor Inc., the Retirement Systems (Alabama), Lee Enterprises Inc., Medianews Group Inc., and Gannett Co. Inc. Quebecor already owns a number of newspaper assets and purchasing the Thomson papers will allow it to expand its corporate business to key markets such as Winnipeg and Lethbridge.

PRINTING AND PUBLISHING, Printing & Publishing, Publishing industry, Thomson Corp.

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U.S. lenders moving north

Article Abstract:

Finova Group Inc. and Heller Financial Inc., two US-based lending companies, are entering Canada with the hope of securing a share in the lucrative market. Finova, a Phoenix, AZ-based company focusing on loans of between C$2 million and C$50 million, launched an office in Thornhill, Ontario, in May 1998. Finova intends to lend a minimum of C$100 million in its first year in Canada. Heller Financial, a Chicago, IL-based company, is presently asking for regulatory approval to offer its services in Canada.

Comment:

Enters Canada with the hope of securing a share in the lucrative market

Ontario, Nondepository Credit Intermediation, Lending Services, Finova Group Inc., Heller Financial Inc., Article

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CanWest unveils plan for WIC deal

Article Abstract:

Winnipeg-based CanWest Global Communications Corp., which has acquired certain assets from WIC Western International Communications Ltd., is hoping that regulators do not force it to sell two Ontario television stations. CanWest is led by president and chief executive officer Leonard Asper.

Asset sales & divestitures, Acquisitions & mergers, Television Broadcasting, Computer Services, Computer Systems Design and Related Services, Television broadcasting stations, Computer and Data Processing Services, TV Stations, Mergers, acquisitions and divestments, Television broadcasting industry, Computer services industry, Information technology services industry, Information technology services, Television stations, WIC Western International Communications Ltd.

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