Court sanctions Shaw's plan for Canwest

CALGARY and TORONTO – The Ontario Superior Court of Justice today issued a order sanctioning the restated consolidated plan of compromise, arrangement and reorganization relating to Shaw Communications’ $2 billion purchase of Canwest Global Communications television assets.Previously, Shaw announced that it had entered into agreements regarding the acquisition of 100% of the over-the-air and specialty television businesses of Canwest, including all of the equity interests in CW Investments Co., the Canwest subsidiary that owns a portfolio of specialty television channels."This is another important step forward with respect to the CMI Entities emerging from the Companies' Creditors Arrangement Act process and...