Canwest Global Communications Corp. won approval Wednesday from an Ontario court to fast-track appeal hearings into Shaw Communications Inc.'s bid for a controlling stake in the media company's television assets. Ontario Court of Appeal Justice Harry Laforme granted the request to expedite the process, supporting Canwest's argument that the outstanding motion is holding up restructuring efforts for the company and "is creating uncertainty in the market," Canwest said. Goldman, a U.S. investment bank, and Toronto private-equity firm Catalyst Capital Group are leading an appeal that challenges Canwest's deal with Shaw.
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