(Winnipeg - June 8, 2010) Canwest Global Communications Corp. (“Canwest”) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted the request by Canwest, Canwest Media Inc. and certain of its subsidiaries (together, the “CMI Entities”) for an extension of the stay period granted under the Companies’ Creditors Arrangement Act to September 8, 2010.
In its Initial Order obtained on October 6, 2009, the Court provided a 30 day stay period which it has extended on several occasions, most recently to June 15, 2010.
More information about the CMI Entities’ restructuring can be found at www.canwest.com and on the Monitor’s website at http://cfcanada.fticonsulting.com/cmi.
About Canwest Global Communications Corp.
Canwest Global Communications Corp. (www.canwest.com), (TSX-V: CGS and CGS.A) is Canada’s largest media company. In addition to owning the Global Television Network, operating 18 industry-leading specialty channels and having ownership in 5 specialty channels, Canwest is Canada’s largest publisher of English-language paid daily newspapers and owns and operates more than 80 online properties.
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For further information:
Media Contact:
John Douglas, Senior Vice President, Public Affairs
Tel: (204) 953-7737
jdouglas@canwest.com
Investor Contact:
Hugh Harley, Director, Investor Relations
Tel: (204) 953-7731
hharley@canwest.com
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