It's deadline day at Canwest, again

WINNIPEG – Friday could prove to be an interesting day at Canwest Global Communications.Subsidiary Canwest Media Inc. (CMI) is up against its most recent deadline with the members of an ad hoc committee, holders of 8% senior subordinated notes of CMI, contemplating a recapitalization transaction.As Cartt.ca readers already know Canwest has been in discussions for some time with various parties, including the members of the ad hoc committee. A decision could involve a cash investment and/or a conversion of certain of its existing debt to equity, in order to reduce the debt of Canwest Media. Or, the deadline could just be extended...