Radio / Television News

CanWest counters queries as hearing closes

GATINEAU – In its final appearance back in front of the CRTC this afternoon, CanWest Global responded to requests and demands raised by the Commission panel and interveners over the past couple of days – and presented several alterations to its shareholders agreement covering the purchase of Alliance Atlantis with the help of Goldman Sachs. As previously reported on several occasions by Cartt.ca, investment banker Goldman Sachs is providing the bulk of the equity financing ($650 million-plus) for this $1.4 billion acquisition while CanWest is kicking in some money ($260 million) and its own broadcasting assets. The deal also says...