Wednesday, September 22, 2010

Postmedia aiming to have a public offering of its shares by mid-2011

The new owner of the CanWest newspaper business has confirmed the company is aiming to list its stock on a public market “sometime before Aug. 1, 2011.” Postmedia Network Canada Corp. says its board of directors has confirmed the strategy to issue shares to the public within about year of buying the National Post and CanWest’s other newspapers and numerous websites in July. Paul Godrey, the chief executive of Postmedia, had indicated at the time that he hoped there would be an initial public offering of shares by the end of 2010 but a company spokeswoman said Wednesday that there’s been no change in policy.

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