Canwest granted court protection from creditors

WINNIPEG – Canwest has obtained creditor protection for some of its assets, including Global Television and the National Post.The news follows an earlier announcement on Tuesday in which Canwest Global Communications Corp. announced that it had reached an agreement with the ad hoc committee of 8% senior subordinated noteholders over a restructuring plan.The company has also secured debtor-in-possession financing of up to $100 million, which, when combined with the proceeds of the sale of its interests in the Australian TEN Network Holdings will “provide sufficient liquidity to meet ongoing obligations and ensure that normal operations continue without interruption while the...