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77-576: The company itself was acquired by CanWest Global Communications , which kept most of WIC's broadcast television stations and a variety of related television production assets. As a result of a takeover battle leading up to the acquisition, Shaw Communications assumed WIC's interest in Cancom, while a separate company owned by the same Shaw family, Corus Entertainment , acquired various radio stations and specialty services . A handful of assets would be acquired by other companies for competitive reasons. With

154-569: A Pyrrhic victory . Canwest fell into bankruptcy protection in 2009 under the weight of debt from various acquisitions including WIC, but more critically the larger purchases of the Southam newspaper chain and the broadcasting assets of Alliance Atlantis . In the process, it closed the CH / E! system, leading in turn to the sale of three of the WIC stations Canwest had acquired in 2000 (CHCH, CJNT, and CHEK),

231-558: A co-production with BNN, with Amanda Lang co-hosting from Toronto. As a result of the partnership, the U.S. Bloomberg Television was once again pulled from Canadian television providers, but the network, as well as BNN Bloomberg itself, can be streamed online by BNN subscribers on participating television providers . On June 20, 2024, Bell Media announced that BNN Bloomberg (along with sister channel CP24 ) would move to Bell Media's 9 Channel Nine Court building in Scarborough in

308-473: A deal to buy out the Canadian partners of NetStar Communications , owner of TSN , but was stymied by U.S. partner ESPN , which had veto power over such a sale. ESPN instead came to terms with Canwest's main rival CTV , a longtime business partner of ESPN's parent company Disney , as an acceptable buyer, which the selling partners eventually agreed to. In an effort to get into the entertainment business,

385-515: A larger majority interest in the combined company. Cancom would be privatized by Shaw a few years later. Meanwhile, Corus was to acquire WIC's radio, specialty, and premium television assets. The CRTC approved the sale of the radio stations, MovieMax, SuperChannel, and WIC's video on demand services to Corus, but required WIC's shares of The Family Channel and Teletoon be sold to a new buyer. Astral Media acquired those shares in 2001. CanWest's acquisition of WIC's television stations finally brought

462-510: A major media powerhouse by acquiring media properties such as Western International Communications and the Southam newspaper publishing. In 2007, with Goldman Sachs , Canwest acquired the broadcasting arm of Alliance Atlantis . After years of debt, Canwest began to slowly collapse in 2008, amid the Great Recession and later entered bankruptcy protection in late 2009, which led to the sales of its publishing and broadcasting arms

539-503: A proposed competitor aligned with the Financial Post on Bell Expressvu . Bell Globemedia assumed full control of ROBTv in late 2001; the channel was then rebranded as Report on Business Television, discontinuing use of the abbreviated "ROBTv" brand. On March 12, 2007, the channel was renamed Business News Network. The name change occurred to give exclusive rights to the "Report on Business" name to The Globe and Mail and for

616-471: A series of special presentations throughout the year, including specials for tax and Registered Retirement Savings Plan seasons. In the fall of 2006, Report on Business Television hosted its first "Live On Location" event in Toronto during which a studio audience was featured during two of the network's most popular shows, Market Call with Jim O'Connell and SqueezePlay with Kim Parlee and Andrew Bell. This

693-411: A television network. Some WIC stations were network affiliates of CBC or CTV , while others operated as independent stations, although some of these stations also had program supply agreements with CanWest. At the same time however, WIC produced or purchased Canadian rights to enough programs to fill the schedule of CHCH (which had no third-party programming source), and many of these programs, including

770-576: A true national newscast before it acquired WIC, although it aired First National in Ontario , Manitoba and, later, Quebec . On acquiring WIC, Global briefly replaced First National with Canada Tonight on stations carrying that program, and premiered its successor, Global National , on September 3, 2001. While the acquisition was important to fill in some of the gaps of the Global network in western Canada, it eventually proved to be something of

847-470: Is headquartered at 299 Queen Street West in Downtown Toronto . BNN was established on September 1, 1999 as Report on Business Television ( RoBTV ) under a joint venture of Thomson Corporation , the owners of The Globe and Mail newspaper, Western International Communications and Cancom . Canwest , the owners of Global Television Network , acquired WIC in 2000 while Thomson transferred

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924-621: Is seeking to undo these changes, and has also claimed that CanWest's creditors should return the C$ 426 million they received from Canwest balance sheet in September, after CanWest sold its stake in Ten. On October 6, the company voluntarily filed for creditor protection under the CCAA , due to C$ 4 billion mounting debt across radio, television broadcasting and publishing assets in several countries. At

1001-675: The Bankruptcy and Insolvency Act before finally being dissolved on May 27, 2013. As of April 2009 (prior to seeking creditor protection), Canwest owned, in whole or part, a variety of Canadian media assets, including: The company had previously sold off some of the smaller newspapers it had acquired in the Southam purchase. Canwest also previously owned broadcasting operations in Australia (as majority shareholder of Network Ten ), New Zealand (through CanWest MediaWorks New Zealand ),

1078-591: The Bankruptcy and Insolvency Act , Canwest, by this point known as 2737469 Canada, Inc. , finally dissolved on May 27, 2013. Asper, through his Syngus Corp. holding company, went on to establish Anthem Media Group in 2010 and has since grew into the portfolio through the ownership of Impact Wrestling , AXS TV , Fight Network and GameTV . In April 2016, the Shaw Media assets were subsumed by Shaw's sister company Corus Entertainment . The last members of

1155-589: The Citytv brand the following year. CHEK also changed its association, from CTV to Global's new CH system; a NewNet station in Victoria, CIVI , as well as religious station CHNU-TV , also launched around the same time. CHCH and CJNT's signals also overlapped with existing Global stations; these two stations were integrated with CHEK into the CH system. CKRD disaffiliated from the CBC in September, 2005, becoming CHCA,

1232-500: The Companies' Creditors Arrangements Act . Canwest Limited Partnership, a subsidiary that owns the company's other newspaper assets and online properties, is negotiating separately with creditors and is expected to file for creditor protection at a later date. Specialty channels operated in partnership with other companies (such as TVtropolis , Mystery TV , MenTV , and the former Alliance Atlantis properties) are also not included in

1309-464: The Republic of Ireland (as a minority shareholder of TV3 ) and Turkey (as the owners of four radio stations). In 1974, a group led by Israel Asper bought the assets of Pembina, North Dakota television station KCND-TV from broadcaster Gordon McLendon , moving the station to Winnipeg as an independent station CKND-TV . Asper, through his company, Canwest, eventually bought out his partners in

1386-537: The Southam newspaper chain, including the National Post , the Globe ' s chief rival, while Thomson transferred the Globe and its shares of ROBTv to Bell Globemedia , a newly formed media company which also included CTV , in which Thomson held a 20% interest. Following threats of legal action from both sides, in 2001 CanWest agreed to sell its 50% interest to Bell Globemedia, in exchange for carriage of

1463-1026: The board of directors of the company were Derek Burney , David Drybrough, David Kerr, Leonard Asper , Izzy Asper , Lisa Pankratz, Frank McKenna , David Asper , and Gail Asper . Gail Asper, David Asper, and Lisa Pankratz resigned from the board, and from all other director and officer positions within Canwest and its subsidiaries, on February 10, 2010. Since the 2000 acquisition of the major former Canadian newspaper holdings of Conrad Black 's Hollinger International (now Sun-Times Media Group ), including Canwest News Service , opposition has been expressed by some journalists, union spokespersons, politicians, and pundits about Canwest's enforcement of its corporate editorial positions. A 2001 decision to run regular uniform national editorials in all metropolitan dailies (except National Post ), whereby local editorial boards could not take local positions on subjects of national editorials, ignited major national controversy and

1540-453: The 1990s tended to brand their stations generically under a network / system brand (sometimes combined with the station call sign ), WIC tended to favour regionally based station branding. For example, under WIC's ownership, CHAN used the brand BCTV , with CICT being known as Calgary 7 and CKRD Red Deer as RDTV . WIC also changed CHCH's branding to OnTV in 1997, when the station added several rebroadcast transmitters throughout Ontario. At

1617-557: The 1990s, Global (and its antecedents) held Canadian rights to hit U.S. series such as Cheers , Friends , and Frasier . Canwest also bought broadcasting assets internationally, including outlets in New Zealand , the Republic of Ireland , and Australia , although all were eventually sold off. In 1991, Canwest issued a successful initial public offering on the Toronto Stock Exchange. In June 1996, Canwest

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1694-671: The April 30, 2018, rebranding of BNN, Bell also relaunched its Vancouver radio station CFTE (formerly a TSN Radio station) as BNN Bloomberg Radio. The station features audio simulcasts of BNN Bloomberg television programs, as well as other Bloomberg Radio programs. The station is aimed to a national audience for streaming via iHeartRadio . On February 9, 2021, Bell flipped CKOC in Hamilton to BNN Bloomberg Radio as well, after it dropped its own TSN Radio format. In 2023, CFTE in Vancouver

1771-571: The Asper family, with a total of 2.3% of the "new" Canwest. However, the Aspers are expected to invest a further C$ 15 million in the restructured entity. In January 2010, CanWest's bonds commanded about 70 cents on the dollar. CanWest's bonds at one point traded for as little as 15 cents on the dollar. Several sources say that as CanWest notes increased fivefold in price, distressed-debt funds took profits on part of their position, with Angelo Gordon among

1848-547: The Australian TV network, raising the total value Canwest can erase from its overall debt to more than C$ 1.2-billion. Before the Ten deal, Canwest held about C$ 3.8-billion of debt on its balance sheet. In court documents, Goldman Sachs alleges "fraudulent" and "abusive" changes to the internal operation of Canwest in the days before it filed for creditor protection. As part of the filing, the Wall Street investment bank

1925-702: The Class B shares were sold to the public. Class B shares did not generally provide voting rights, but would be converted to voting shares should a majority of Class A shares change hands, a so-called coat-tail provision. Over time, WIC would acquire various broadcasting assets from other companies, including Selkirk Communications – the other major shareholder of BCTV, and also the owner of independent stations CHCH-TV Hamilton and CFAC-TV (now CICT-TV ) Calgary – as well as Charles Allard 's company Allarcom , which had launched CITV-TV Edmonton and pay television service Superchannel . Its final major acquisition

2002-558: The Global network's service to Alberta , where the Canadian Radio-television and Telecommunications Commission had repeatedly denied the company's applications to open new stations. An earlier application by Global in 1997 had been turned down in favour of Craig Media 's A-Channel system. However, the WIC stations there were already purchasing broadcast rights to some of Global's programming. In Vancouver and Victoria , Canwest's acquisition of CHAN set off one of

2079-701: The NASDAQ Market Site in New York City 's Times Square, and in Calgary . BNN attracts approximately 5,000 regular viewers daily and has a strong viewership outside of the home (such as in gyms, restaurants and offices) which is not reflected in its ratings. This is a situation also faced by networks with high out-of-home viewing patterns such as CNBC . In March 2016, ratings data from Numeris showed BNN had an average weekly reach of more than 1 million viewers since December 2015. The network hosts

2156-891: The Settlement Agreement, received the approval of the Ontario Superior Court on June 23, 2010, the Competition Bureau as of August 13, 2010, and was given final approval from the CRTC on October 22, 2010, with Canwest delisting itself from the TSX and officially ceasing operations that same month. Final closing would officially occur in October 2011 following the official CMI Transition Order. Meanwhile, Shaw Communications reorganized Canwest into Shaw Media . After bankruptcy proceedings concluded under

2233-467: The Shaw deal and were already sold separately to Postmedia Network . However, the Asper family with Goldman and Catalyst made their own bid to retake Canwest with a $ 120 million bid in competition with the bid proposed by Shaw Communications. On February 25, 2010, it was announced that Shaw Communications had won a court battle to continue their plans to purchase assets & voting shares from Canwest. After

2310-567: The Winnipeg station. A few months later, the Asper group joined a consortium that bought CKGN-TV, a network of six simulcasting transmitters across Ontario that carried many of CKND's programs and was known on-air as the Global Television Network . Canwest bought controlling interest in Global, now using the callsign CIII-TV , in 1985, thus becoming the first western-based owner of a major Canadian broadcaster. He acquired

2387-560: The abbreviation ROBTv ); it was co-branded with Report on Business , the business news section of the Thomson-owned The Globe and Mail . In 2000, Canwest acquired WIC and its interest in ROBTv. As part of the agreement transferring WIC's interests in Cancom to Shaw Communications , Canwest acquired Cancom's share of the channel as well. The same year, the owners came into conflict with each other: Canwest acquired

Western International Communications - Misplaced Pages Continue

2464-466: The aforementioned Corus Entertainment, which remained under the control of the Shaw family and retained all of the former WIC radio properties, announced that it would acquire Shaw Media (including much of WIC's former group of local television stations) for $ 2.65 billion. The sale, which was intended to help fund Shaw Communications' purchase of Wind Mobile , required shareholder and CRTC approval, but closed less than three months later, on April 1, 2016. At

2541-400: The announcement, Shaw revealed that its investment amounted to a minimum of $ 95-million in exchange for 20 percent of the equity and an 80 percent voting interest in the restructured company. Although Goldman, Catalyst, and the Aspers continued to work on their own bid after the Shaw agreement, Shaw announced a revised agreement, following court-ordered mediation, under which it would purchase

2618-487: The breakup of the company, is also noted. WIC's CTV affiliates, CHAN and CHEK, as well as CFCF (even before its acquisition by WIC), had a hostile relationship with the network, due to these stations' desire to take a greater role in Canadian program production for the network. This relationship deteriorated even further in 1997, when rival Baton Broadcasting became the sole corporate owner of CTV, and opened its own independent station, CIVT , in Vancouver. Baton, which owned

2695-467: The buyers. On February 3, 2010, it was reported that a group led by Golden Tree Asset Management LP complained that "it was unfairly frozen out of the auction of Canwest Limited Partnership." As part of the transaction, Canwest and some of its subsidiaries, including Canwest Media Inc., The National Post Company , and Canwest Television LP (the licensee of Global, MovieTime , DejaView , and Fox Sports World Canada ) filed for creditor protection under

2772-448: The channel to have its own identity. It also alleviated a common problem with the ROBTv name: other media and viewers called it "Rob TV", rather than sounding out the ROB acronym as preferred by the network. BNN relocated its operations from 720 King Street West to 299 Queen Street West on December 6, 2010, in the building in which was previously occupied by CITY-TV 's CityNews department

2849-549: The channel was relaunched on April 30, 2018 under its current name, under a partnership with U.S. business channel Bloomberg Television . In addition to BNN producing a large portion of its business day programming in-house, much of the channel's programming was also simulcasted on radio, branded as BNN Bloomberg Radio , formerly by CKOC in Hamilton and CFTE in Vancouver . As a former Category A service , BNN Bloomberg

2926-405: The combined company had duplicate over-the-air coverage through multiple stations. Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black , in order to pursue a media convergence strategy. Canwest was initially slow to invest in specialty channels due to the strength of its terrestrial network. In 1999, seeking to change this, the company announced

3003-575: The company had bought out producer/distributor Fireworks Entertainment in 1998, and gained interest in Seven Arts Pictures , a film production company. CanWest would sell its entertainment unit in 2005. In 2005, CanWest released a new website canada.com which was a digital media platform for its digitally transformed brands. These included many local news outlets and larger "papers" as well as other media brands. The brands were represented under "canada.com Network" and included (taken from

3080-627: The company's debt was not manageable during the Great Recession , forcing Canwest into an extended set of negotiations with its lenders and a series of cost-cutting moves. The company's income statements reported net losses in 2008 and 2009, even though its operating activities were profitable (before taxes, interest, and non-operating charges: C$ 197 million in 2009, vs. C$ 428 million in 2008). In May 2009, Canwest sold off four radio stations in Turkey to Spectrum Medya. On August 31, 2009, Canwest shut down its secondary system E! (the former CH). Three of

3157-415: The conversion of another to a Global station (CHBC), and the closure of one other (CHCA). In 2010, Shaw announced a deal to buy the entirety of Canwest's broadcasting division, which would place most of the former WIC assets under the control of the Shaw family, through either Shaw or Corus. The deal was completed that October, with the Canwest properties now being part of Shaw Media . On January 13, 2016,

Western International Communications - Misplaced Pages Continue

3234-520: The current rules for the poor financial condition of Canada's broadcast television stations, a position which has subsequently been adopted and addressed through rule changes by the CRTC and FCC. Canwest's various acquisitions took a significant financial toll. As early as 2002, most of Canwest's operating income was going to pay interest on its high-interest-rate debt. By 2007, the company's bonds were downgraded to junk status. By early 2009, it became clear

3311-591: The entirety of Canwest's broadcasting operations, including the portion owned by Goldman. This deal was later modified following a second court-ordered mediation to include a settlement agreement between Shaw, creditors, and the Official Ad Hoc Committee of Shareholders, led by the Aspers, Blott Asset Management, L.L.C. and two other hedge funds. This marked the first successful equity committee campaign in Canada under CCAA. A modified deal, including

3388-479: The following year to Postmedia Network , founded by National Post CEO Paul Godfrey and Shaw Communications , which later reorganized its media division as Shaw Media . On April 1, 2016, the broadcasting assets were subsumed into Corus Entertainment , an existing broadcasting firm also owned by the Shaw family. Following the sale of assets, the company was renamed 2737469 Canada Inc. , ceased to carry on business, and commenced bankruptcy proceedings under

3465-623: The former E! owned-and-operated stations – CHCH Hamilton , CHEK Victoria , and CJNT Montreal – were sold to third parties, while a fourth, CHBC Kelowna , was converted to a Global station. The remaining station, CHCA Red Deer , was closed as of the same date. On September 24, the company announced that it would sell its 50.1% stake in Ten Network Holdings for A$ 680 million, in order to pay down its significant debt. The sale of CanWest's Australian media operations reduced some C$ 582-million in debt tied to

3542-538: The former media assets of WIC, such as its former local television, specialty services, and radio groups. Shaw Communications, including the former Cancom, was acquired by Rogers Communications in 2023. Frank Griffiths established Western Broadcasting Company Ltd. in the late 1950s to hold his various broadcasting assets in British Columbia, including radio station CKNW and a majority interest in BCTV , at

3619-581: The fourth CH station. CHBC's similar disaffiliation was approved by the CRTC on February 28, 2005, and disaffiliated on February 27, 2006, to join the CH system. Montreal was largely unaffected by the breakup of WIC. The breakup did, however, result in the CBC , CTV and Global affiliates becoming network owned-and-operated stations, as Montreal was the largest television market in which CTV did not own its affiliate. Moreover, CJNT, which had been sister station to CFCF, became sister station to CKMI. Global did not have

3696-552: The largest single-market network association shakeups in North American television history. There was already a Global owned-and-operated station in the Vancouver market, CKVU , but Canwest decided to sell that station and keep CHAN instead. As a result, on September 1, 2001, the Global brand and programming moved from CKVU to CHAN, the CTV association moved from CHAN to CIVT, and CKVU was purchased by CHUM Limited , adopting

3773-454: The largest remaining hole in the company's Global Television Network , Canada's third English-language over-the-air television network. CanWest also offered to buy the Class B shares and filed a lawsuit claiming that the division of Class A shares constituted a change of control. The lawsuit eventually stalled, and CanWest and Shaw each ended garnered over 40% of Class B shares. The negotiations between Shaw and CanWest continued until 1999, when

3850-419: The national rights to many programs aired in Vancouver on CHAN or CHEK, was able to move these programs, now being advertised as CTV programs outside British Columbia, to CIVT. However, the CTV network, which supplied 40 hours of programming each week, was still bound by affiliation agreements with CHAN and CHEK; these agreements did not end until September 2001 . Unlike many other ownership groups, which during

3927-444: The newscast Canada Tonight and foreign programming such as Touched by an Angel , aired on other WIC stations. The WIC library of programming would ultimately form the initial basis of Canwest's ill-fated second broadcast service, CH (later E!) . At the time of its sale to CanWest, WIC owned the following stations. The year WIC first acquired control of each station, and the programming carried by each station immediately prior to

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4004-689: The paper. Following the merger with Bell Canada, on April 1, 2011, Bell Canada renamed its new business unit from CTVglobemedia to Bell Media . On January 9, 2018, Bell Media announced that it had reached a licensing and content agreement with Bloomberg L.P. , under which BNN would be co-branded as BNN Bloomberg — a rebranding which took effect April 30, 2018. The rebranded network collaborates with Bloomberg's existing news bureaus, which include five Canadian bureaus staffed by over 25 reporters. Bell Media Radio also holds rights to distribute Bloomberg Radio content in Canada; Bloomberg had previously partnered with Channel Zero on Bloomberg TV Canada , which

4081-480: The present filing. Canwest shares were also suspended from trading on the TSX . Canwest said that it was not being liquidated at this point, and the company insisted that the proceedings would make Canwest "a stronger industry competitor with a renewed financial outlook." Nevertheless, some analysts expected that the conglomerate would sell assets or be broken up entirely as the restructuring process continues, noting that

4158-458: The publishing division has a separate set of lenders. As it turned out, the company would indeed be broken up. In February 2010, the company announced an agreement with Shaw Communications whereby the latter company would buy an 80% voting interest, and 20% equity interest, in the restructured entity, pending approvals from the Canadian Radio-television and Telecommunications Commission (CRTC) and others. The company's newspapers were not part of

4235-421: The remaining pieces of AAC, the distribution arm soon re-emerging as Alliance Films . Canwest executives testified in the Canadian Radio-television and Telecommunications Commission hearings over fee-for-carriage , requesting that the commission force cable and satellite companies to pay for their signals without passing the fees on to their subscribers. In his testimony, Canwest president Leonard Asper blamed

4312-838: The remaining stock in 1989. Canwest subsequently invested in or acquired other independent TV stations across Canada. Eventually, his station group became known as the "Canwest Global System." In 1997, Canwest bought a controlling interest in CKMI-TV , the privately owned CBC affiliate in Quebec City . Canwest then set up CKMI rebroadcasters in Montreal and Sherbrooke . With this move, Canwest's stations now had enough coverage of Canada that on August 18—the day CKMI officially disaffiliated from CBC—Canwest scrubbed all local brands from its stations, rebranding them as "The Global Television Network," Canada's third television network. Throughout

4389-516: The sale of Canwest's broadcasting assets to Shaw a decade later, the Shaw family at that point controlled almost all of the assets of the former WIC – through either Shaw or Corus – the sole exceptions being a handful of resold local TV stations and specialty channel assets, including interests in Family Channel (currently owned by WildBrain ) and ROBTv (now BNN Bloomberg , owned by Bell Media ). Corus acquired Shaw Media in 2016, giving Corus

4466-442: The same time it announced it had agreed to a recapitalization transaction with some of its lenders, which will likely require the approval of the Canadian Radio-television and Telecommunications Commission (CRTC). When completed, bondholders – led by hedge funds West Face Capital, GoldenTree Asset Management , and Beach Point Capital Management – will own a majority of shares, leaving existing shareholders, including

4543-518: The shares of its channel to Bell Globemedia where it has been solely owned since 2001. The channel was rebranded to Business News Network in 2007 which allowed The Globe and Mail to regain exclusive rights to the Report on Business brand. After the Thomsons reacquired the Globe paper and Bell Canada regained control of CTVglobemedia (the former Bell Globemedia) in 2011 where it became Bell Media,

4620-410: The site included blogs, a "Market Monitor", feature video clips on the homepage, an online stock ticker, features such as "Hot Stocks" and "Guest Picks", stock indices, and tracking of the latest and popular news stories on the site. BNN's weekend programming consists mainly of repeats of some of the programs aired on BNN's weekday schedule, as well as other Bloomberg Television series. Concurrent with

4697-712: The third quarter of 2025. A large majority of the programming carried on BNN is produced in-house. Previously, it had been the Canadian broadcast partner of CNNfn , an American business news channel which ceased operations in December 2004. BNN features a televised stock ticker with real-time data from the Toronto Stock Exchange , the New York Stock Exchange , NASDAQ , and many international financial exchanges. In addition to its homebase in Toronto, BNN also operates news bureaus located at

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4774-429: The time Corus also owned WIC's former pay television properties (by then known as Movie Central and Encore Avenue ), but the company had announced in late 2015 it would sell those services' subscriber base and programming rights to Bell Media 's The Movie Network, which took effect on March 1, 2016 (TMN was later renamed to Crave after a streaming service of the same name ). WIC was primarily an ownership group, not

4851-462: The time Vancouver's CTV affiliate, and in 1963 added Victoria's CHEK , which became BCTV's sister station. WBC was publicly traded for a time but was later reacquired by Griffiths's family. In 1982, the Griffiths' media assets were again floated on the public markets in a restructured form via WIC. The Griffiths retained Western Broadcasting, which in turn held all of WIC's Class A voting shares;

4928-703: The time of its sale to CanWest, Western International Communications owned 12 radio stations. These were acquired by Corus Entertainment . Many of the assets listed above are only partially owned by Shaw. Refer to full asset list for detailed information. Canwest Canwest Global Communications Corporation , which operated under the corporate name Canwest , was a major Canadian media conglomerate based in Winnipeg , Manitoba , with its head offices at Canwest Place (Now called 201 Portage). It held radio , television broadcasting, and publishing assets in several countries, primarily in Canada. Canwest

5005-444: The two parties, as well as Corus Entertainment , agreed to split the assets. Under the agreement, CanWest was to acquire WIC's broadcast television division, various production assets, as well as its interests in Report on Business Television . However, in Montreal , where CanWest chose to keep its existing Global station CKMI , the company was required to divest CFCF, and eventually sold it to CTV. Montreal's anglophone population

5082-575: The website footer): Newspapers : National Post, Calgary Herald, Edmonton Journal, The Montreal Gazette, Ottawa Citizen, Regina Leader Post, The Saskatoon Star Phoenix, The Vancouver Sun, The Vancouver Province, Victoria Times Colonist, The Windsor Star, Dose, Vancouver Island Newspaper, VANNEET Newspaper; Television : Global, CH, Prime TV, Fox Sports World Canada, Lonestar, Mystery, Xtreme Sports, Deje View, mentv, Cool TV; Radio : CoolFM 99.1, 91.5 The Beat; Marketplace : working.com, driving.ca, connecting, celebrating, remembering, homes. The website experience

5159-587: Was Montreal's CFCF-TV , which it bought in 1997. In 1997, wanting to exit the broadcasting business, the Griffiths agreed to sell WIC to Shaw Communications . Initially, they sold 49.98% of their Class A shares to Shaw, 49.98% to the Allard family, and 0.04% to CanWest, in order to evade the coat-tail provision while Shaw completed a takeover bid for the non-voting shares. However, CanWest also coveted WIC, primarily for its independent television stations in Alberta,

5236-439: Was already one of the largest owners of Canadian local TV stations when Canwest and Goldman Sachs in 2007 announced they would jointly acquire Canadian producer and competing broadcaster Alliance Atlantis and its massive stable of wide-distribution specialty channels. Under the deal, Canwest took control of the broadcasting portion of AAC, although Goldman Sachs remained a major investor in those assets. Goldman retained or resold

5313-830: Was centred around news, city guides, activities and events to leverage advertising revenue. The site was designed by Cossette / Fjord out of Toronto, Canada in 2005. In October 2005, CanWest's Canadian newspapers were sold into an IPO trust. Sold 25.8% of Canada's newspapers for C$ 550 million. Attached to the Canadian newspaper IPO was $ 850 million in long-term debt. CanWest bought back the 25.8% Newspaper Trust IPO (and debt) in November 2008, for cash considerations of $ 495 million. In April 2006, Canwest acquired four radio stations in Turkey : Super FM, Metro FM, Joy FM and Joy Turk FM from The Turkish Savings and Deposit Insurance Fund for aggregate cash consideration of US$ 61 million. The company

5390-584: Was founded in 1974 by Izzy Asper through the formation of CIII-TV in Toronto under the Global Television Network . The company expanded through the 1980s and 1990s, with the initial public offering in 1991 as a publicly-traded corporation and the international expansion of its operations in Ireland , Australia , New Zealand , United Kingdom and Turkey . Throughout the years, under Leonard Asper , who became its President and CEO in 1999, Canwest grew into

5467-603: Was listed on the New York Stock Exchange. Lacking a presence in Alberta , the company set its sights on Western International Communications , which owned three independent stations in that province that carried Global programming. It eventually bought that company's broadcasting assets in 2000. This not only boosted Global's coverage in western Canada but prompted the establishment of a second over-the-air service, originally known as CH , since in some areas

5544-411: Was located as well as CTV's Much and Toronto's 24-hour news service CP24 are based; all were formerly owned by CHUM Limited . The Thomson family reacquired control of the Globe (and therefore Report on Business) in late 2010, and CTVglobemedia's broadcasting assets were sold to Bell Canada ; as a result, the channel and the newspaper are no longer co-owned, although Bell retains a 15% interest in

5621-500: Was required to be carried on the basic service of all digital cable providers across Canada. The channel was, and still is, typically offered optionally at the discretion of providers. The network was licensed by the Canadian Radio-television and Telecommunications Commission (CRTC) in 1996 to a joint venture of Thomson Corporation (50%), Western International Communications (25%) and Cancom (25%). It launched on September 1, 1999, as Report on Business Television (although using

5698-401: Was subsequently withdrawn. Conflict over Canwest editorial control and policy has focused in particular on three issues: Business News Network BNN Bloomberg is a Canadian English language discretionary specialty channel owned by Bell Media with the name licensed from Bloomberg L.P. It broadcasts programming related to business and financial news and analysis. The channel

5775-473: Was the U.S. service supplanted with programs covering Canadian financial news; that channel shut down in October 2017. BNN's existing domestic programming was largely maintained upon the rebranding, although the network does carry Bloomberg's business day programs for Asia and Europe outside of the North American business day. In addition, the 1:00 p.m. ET hour of Bloomberg Markets: Americas became

5852-524: Was the first time viewers had the opportunity to go live in person with the network during its regular broadcasts of Market Call . In May 2008, the network relaunched BNN.ca, featuring its first online contest called "The BNN.ca $ 25,000 Challenge". The updated BNN.ca showcased a new video player allowing investors to search, sort and personalize BNN video; and the new player increased availability of past BNN video by allowing viewers to access content for an unlimited period of time online. Other added features on

5929-587: Was too small to allow one company to own both of that city's anglophone stations. CanWest also retained WIC's interest in Report on Business Television ; it was subsequently sold to rival Bell Globemedia when that company acquired The Globe and Mail , which owned the remainder. Shaw would acquire WIC's interests in Canadian Satellite Communications , which was in the process of merging with Shaw-controlled direct-to-home satellite provider Star Choice , meaning that Shaw would obtain

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