Canwest sells UK radio stations

WINNIPEG – Unable to meet their financial expectations, Canwest Global Communications Corp. says it had sold its three U.K.-based radio stations. While the sale price was not disclosed Canwest president and CEO Leonard Asper added that the sale of the three properties will enable the company to improve its operating profit by about $7 million annually.The company’s wholly-owned subsidiary, Canwest MediaWorks UK Limited has completed the sale of its “Original 106fm” branded radio operations in Bristol, England and Aberdeen, Scotland to private investors that include members of the stations’ management group. A third station that services the Solent region of...