CanWest Global Communications

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CanWest Global Communications
CanWest Global Communications Corp. logo
Type Public (TSX: CGS TSX: CGS.A NYSE: CWG)
Founded (1974)
Headquarters Winnipeg, Manitoba
Key people Leonard Asper - President & CEO
Industry Communications Services
Products Radio
Publishing
Broadcasting
Cable
Revenue $2.61 billion CAN
Operating income -86.60 million CAN
Employees 11,072 (2004)
Website www.canwestglobal.com

CanWest Global Communications Corp. TSX: CGS TSX: CGS.A NYSE: CWG is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba.

Contents

[edit] Operations

See also: List of assets owned by CanWest Global Communications

CanWest MediaWorks is the company's Canadian operating unit. It consists of:

In New Zealand, Canwest MediaWorks NZ owns TV3, C4, and a number of radio networks and stations. CanWest also has a significant interest in The Ten Group, parent of Australia's Network Ten.

In the United Kingdom, CanWest owns two radio stations branded Original 106. It has also once held interests in Ulster Television, the ITV1 franchise in Northern Ireland, and in the Republic of Ireland's TV3.

On January 10, 2007, it was announced that Alliance Atlantis would be acquired by a consortium of Canwest Global and Goldman Sachs, with Canwest expected to take control of the broadcasting portion of the company, and Goldman Sachs to keep or spin off the Entertainment and Production, and Motion Picture LP divisions. This would include the stake in the lucrative CSI franchise.

CanWest also runs the annual CanSpell National Spelling Bee, started in 2005.

[edit] Corporate governance

[edit] Board of directors

Current members of the board of directors of the company are: David Drybrough, Leonard Asper, David Asper, Gail Asper, Lloyd Barber, Derek Burney, Robert Daniels, Paul Godfrey, Frank King, and Lisa Pankratz.

Former members of the board of directors of the company include: Izzy Asper and Frank McKenna.

[edit] Concentration of power

CanWest is often cited as an example of how the ownership of Canadian media has become concentrated in the hands of a few individuals and large corporations. CanWest founder Izzy Asper was known as a strong supporter of both Canada's Liberal Party and Israel's right-wing Likud party, and of many laissez-faire policies in both countries. Observers have suggested that Asper's political views have had a significant impact on news coverage at CanWest media outlets. For example, in 2002, Ottawa Citizen publisher Russell Mills was fired by CanWest after the paper published a series of articles exposing a financial scandal involving then Prime Minister Jean Chrétien.

CanWest's power in the marketplace is reflected in a new contract that freelance contributors must sign. Until recently, standard industry practise was that freelancers sold the rights for one time use and only in Canada. CanWest now requires that freelancers sign over all rights "throughout the universe in perpetuity".

In response, the company's supporters often cite the alleged power of the federal government over both the broadcast regulator, the CRTC, and another major media conglomerate, the Canadian Broadcasting Corporation (although both entities are intended to be at arms-length from the government and from each other).

[edit] Editorial controversies

Since the 2000 acquisition of the major former Canadian newspaper holdings of Conrad Black's Hollinger International (now Sun-Times Media Group), including CanWest News Service, opposition has been expressed by some journalists, union spokespersons, politicians, and pundits about CanWest's enforcement of its corporate editorial positions. A 2001 decision to run regular uniform national editorials in all metropolitan dailies (except National Post), whereby local editorial boards could not take local positions on subjects of national editorials, ignited major national controversy and was subsequently withdrawn.

Conflict over CanWest editorial control and policy has focused in particular on three issues:

[edit] Footnotes

[edit] External links

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