CanWest adds to Kiwi radio portfolio

WINNIPEG - CanWest MediaWorks New Zealand announced today it has agreed to purchase Q92FM, which serves the areas of Queenstown, the Wakatipu Basin and Central Otaga, New Zealand, with six frequencies. The transaction is expected to close on or about March 1, 2006 following receipt of certain regulatory approvals. The purchase price was not disclosed. "This further demonstrates the company's continued commitment to pursue accretive acquisitions while extending our brands into strategic markets. Q92FM will be combined into the existing radio operations of CanWest MediaWorks," said Tom Strike, president of CanWest MediaWorks International. www.canwestglobal.com