Another seven days' grace from Canwest noteholders; April 21 is now a dual-deadline

WINNIPEG - Canwest Global subsidiary, Canwest Media Inc. has entered into an extension agreement with the members of an ad hoc committee of 8% noteholders who own approximately 70% of the outstanding notes. As previously announced, CMI did not make its March 15, 2009 interest payment of approximately US$30.4 million relating to its outstanding 8% senior subordinated notes. Under the terms of the notes, failure to make this interest payment on or before April 14, 2009 would permit the 8% noteholders to demand payment of the approximately US$761 million principal amount outstanding as well as the unpaid interest payment and...