CanWest finishes Irish sale for $188 million

WINNIPEG - CanWest Global completed the sale of its 45% interest in Irish broadcaster TV3 today. Officially, it sold "CanWest Granada Media Holdings Limited, which owns and operates the TV3 television network in Ireland, and its 100% interest in TV3's Irish sales arm, CanWest Ireland Sales Limited, to funds managed by Doughty Hanson & Co. CanWest received aggregate cash (subject to certain post-completion financial adjustments) of approximately (euro)132 million (approximately C$188 million) from the sale," says the release. "We would like to thank our fellow shareholders - Granada Media Group, James Morris, Paul McGuiness and Ozzie Kilkenny - for their...