Canwest Media business transfer deadline extended to Oct. 22

By Caroline Salls

Pittsburgh, Oct. 16 - Canwest Global Communications Corp.'s subsidiary, Canwest Media Inc., has secured an extension to Oct. 22 of the date by which it must enter into a definitive agreement with Canwest LP regarding the transfer of the business operated by the National Post, according to a company news release.

The extension was granted under an agreement with the members of an informal committee of holders of Canwest Media's 8% senior subordinated notes.

Canwest Global is a Winnipeg, Man.-based media company that filed for Chapter 15 bankruptcy on Oct. 6 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 15 case number is 09-15994.

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