The company led by National Post chief executive Paul Godfrey, that is purchasing the Canwest chain of newspapers, including The National Post, will now be called Postmedia Network Inc. Other papers in the chain include the Vancouver Sun, Calgary Herald and Ottawa Citizen. "Postmedia Network reflects both where we have been and where we are going," Godfrey said. "From the earliest days of information delivery via post, to the current online world of posting news and information as it happens and looking ahead to the continuous evolution of a post-media universe, our new name reflects both the strong legacy and the exciting future of media as we prepare to emerge as a new Canadian business." June 2010, an Ontario Superior Court judge allowed Canwest Global Communications Corp. to sell its newspaper division to a group of creditors led by Godfrey, for $1.1 billion, including $950 million in cash. Click the images to enlarge.
- 7/12/2010
- HollywoodNorthReport.com
According to reports, the company led by National Post chief executive Paul Godfrey, that is buying Canwest newspapers, including The National Post, will now be called Postmedia Network Inc.
Other papers in the chain include the Vancouver Sun, Calgary Herald and Ottawa Citizen.
"Postmedia Network reflects both where we have been and where we are going," Godfrey said.
"From the earliest days of information delivery via post, to the current online world of posting news and information as it happens and looking ahead to the continuous evolution of a post-media universe, our new name reflects both the strong legacy and the exciting future of media as we prepare to emerge as a new Canadian business."
June 2010, an Ontario Superior Court judge allowed Canwest Global Communications Corp. to sell its newspaper division to a group of creditors led by Godfrey, for $1.1 billion, including $950 million in cash.
Click the images to enlarge.
Other papers in the chain include the Vancouver Sun, Calgary Herald and Ottawa Citizen.
"Postmedia Network reflects both where we have been and where we are going," Godfrey said.
"From the earliest days of information delivery via post, to the current online world of posting news and information as it happens and looking ahead to the continuous evolution of a post-media universe, our new name reflects both the strong legacy and the exciting future of media as we prepare to emerge as a new Canadian business."
June 2010, an Ontario Superior Court judge allowed Canwest Global Communications Corp. to sell its newspaper division to a group of creditors led by Godfrey, for $1.1 billion, including $950 million in cash.
Click the images to enlarge.
- 7/6/2010
- by Michael Stevens
- SneakPeek
Toronto -- As Canwest Global Communications Corp. continues to flesh out its bankruptcy exit plan, the broadcaster has proposed creditors vote June 10 on its newspaper division sale.
An Ontario court gave Winnipeg-based Canwest Global approval to canvas creditors on a planned sale of its insolvent Canwest LP division to a consortium of unsecured bondholders led by Paul Godfrey for $1.1 billion.
The Ontario Superior Court of Justice, which is directing Canwest Global Communications through creditor protection, on Monday is expected to approve the sale of the newspaper division so the overall transaction can close as planned by July 15.
The Godfrey-led consortium beat a rival bid from Torstar Corp., the Toronto-based newspaper publisher, to secure the stable of Canadian newspapers and digital assets.
The $1.1 billion price tag, which includes $950 million in cash, will be used to pay down around $925 million owed to lenders so the Canwest LP unit can emerge from bankruptcy protection.
An Ontario court gave Winnipeg-based Canwest Global approval to canvas creditors on a planned sale of its insolvent Canwest LP division to a consortium of unsecured bondholders led by Paul Godfrey for $1.1 billion.
The Ontario Superior Court of Justice, which is directing Canwest Global Communications through creditor protection, on Monday is expected to approve the sale of the newspaper division so the overall transaction can close as planned by July 15.
The Godfrey-led consortium beat a rival bid from Torstar Corp., the Toronto-based newspaper publisher, to secure the stable of Canadian newspapers and digital assets.
The $1.1 billion price tag, which includes $950 million in cash, will be used to pay down around $925 million owed to lenders so the Canwest LP unit can emerge from bankruptcy protection.
- 5/17/2010
- by By Etan Vlessing
- The Hollywood Reporter - Movie News
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