Court OKs Shaw acquisition of Canwest

The Ontario Superior Court of Justice has approved the proposed
reorganization of Canwest Global Communication’s Corp’s broadcast assets, which will be sold to

Broadcaster Magazine quotes Shaw CEO Jim Shaw:

“”This is another important step forward with respect to the CMI Entities emerging from the Companies’ Creditors Arrangement Act process and we look forward to closing the transaction once all necessary regulatory reviews have been concluded, including approvals from the Canadian Radio-television and Telecommunications Commission (“CRTC”) and the Competition Bureau. The CRTC has announced a public hearing, on September 20, to consider Shaw’s application to assume control of Restructured Canwest and once approval is received we will be in a position to close the transaction and begin focusing on the operations and integration of Restructured Canwest”, said Jim Shaw, CEO and Vice Chair of Shaw.”