Thursday, September 9, 2010

CanWest gains protection extension

CanWest Global Communications Corp. says the Ontario Superior Court of Justice has extended the company's protection from creditors until Nov. 5. The media company announced the latest extension on Wednesday, a few hours before the previous deadline.
CanWest filed for protection from bankruptcy on Oct. 6, 2009. Since then, the company has sold off its publishing division for $1.1-billion to a group led by Paul Godfrey.

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