Friday, October 23, 2009

Canwest gets time to transfer NatPost to another division

Canwest has been given more time to work on a planned transfer of the National Post to a division that owns the company's other newspapers. Certain divisions of Canwest, including its Global TV conventional television assets and the National Post but not the other newspapers, filed for creditor protection earlier this month. Canwest Global Communications Corp. says its subsidiary, Canwest Media Inc., has agreed with key note holders to extend the deadline for transferring the national newspaper to the limited partnership by one week to Oct. 30.

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