Radio / Television News

Shareholders call CanWest TV sale “unfair”; another board member resigns

TORONTO and WINNIPEG - Disgruntled Canwest Global shareholders, including the Asper family, are continuing in their efforts to stop Shaw’s purchase of the company’s television divisions.According to a report in the Financial Post, the group filed an affidavit in Ontario court this week alleging that the proposed $2 billion sale “was not the result of a full and informed auction”, and therefore did not “fetch hundreds of millions of dollars in additional value the company is estimated to be worth”. The group, which includes the founding Asper family, three U.S. investors and four unidentified Canadian investors, also served notice that...