Business in Winnipeg

[newflyer]

StandardAero throttles up with expansion
By: Martin Cash

WINNIPEG - With several hundred Winnipeg workers on hand in the bright sunshine this morning, StandardAero, WestJet and General Electric officials launched StandardAero’s most significant expansion in its 99-year history.

The Winnipeg aircraft engine maintenance, repair and overhaul company is now authorized to work on GE’s CFM56-7B engines — the kind used on all of Boeing's newest, next-generation 737 jets.

Earlier this summer, StandardAero signed a 12-year, $850 million contract to do all of the engine work for Calgary-based WestJet’s fleet of 81 Boeing 737s.

The official ground breaking took place today for construction of a 27,000 square foot extension to StandardAero’s Plant 6.

It will cap about $50 million worth of new capital investment Winnipeg’s StandardAero has benefited from in the last couple of years.

The latest GE designation means the Winnipeg company can now go after work from other carriers around the world for the 737 market, which is expected to more than triple by 2018.

source: winnipeg freepress

[1ajs]

Research in Winnipeg gets financial boost
CJOB News Team reporting
9/23/2009

Research into Health Sciences, the environment and new technologies in Winnipeg is getting more than 1.45 million dollars in Manitoba government support.

Science and Technology minister Jim Rondeau says research and innovation in the 21st century will be a major player in global competitiveness and provide good jobs and better lives for Manitobans.

Some of the projects being funded at the University of Manitoba are the Biofuels biotechnology and fermentation lab and the Neurobiology of obesity lab..

[1ajs]

RWB reporting another surplus
CJOB's Robert Holland reporting
9/24/2009

The Royal Winnipeg Ballet has reported a surplus of nearly 107,000 dollars for the 2008/09 fiscal year.
The Ballet’s 69th season saw a year of continued success. The RWB performed for 73,163 people in 51 performances (23 in Winnipeg and 28 on tour).

The Ballet's Executive Director Jeff Herd anticipates further successes and opportunities. And, the Ballet will continue training students for the profession of dance, and will continue to provide recreational classes.

The highlight of the season was the fall tour of Jorden Morris’ Peter Pan with ten performances in Calgary, Edmonton, Regina and Saskatoon.

[1ajs]

Canwest sells Australian TV stake

Price is 4.8% discount to recent share price

Last Updated: Thursday, September 24, 2009 | 11:08 AM CT Comments1Recommend6

CBC News


 Shares of Canwest Global Communications Corp. soared Thursday after it announced it has sold its stake in Australian broadcaster Ten Network Holdings Ltd.
The shares rose 8½ cents to 21 cents, or 68 per cent, at midday on the Toronto Stock Exchange.
Canwest Global Communications will use the proceeds to pay off part of its massive debt. (John Woods/Canadian Press) Australian investment bank Macquarie Capital Advisers agreed Wednesday to pay $634 million for all of Canwest's ownership interest.
"The sale of the shares of Ten Holdings is expected to facilitate continuing discussions with the ad hoc committee [of lenders] regarding a recapitalization transaction," the company said in a statement.
Canwest has tried repeatedly to sell its Australian media assets — which it bought 12 years ago — as it struggles to get its $4-billion debt under control. Creditors have granted 12 extensions of payment deadlines since it first defaulted this spring. The latest expire on Oct. 6.
Canwest plans to use $102 million to repay debt owed by subsidiaries Canwest Media and Canwest Television Limited Partnership. Another $85 million will be used for cash and to pay down a line of credit to CIT Business Credit Canada Inc.
Canwest Global, 3-month chart. Canwest also agreed to deposit $426 million with a trustee for the holders of its eight per cent senior subordinated notes. The transaction also lowers Canwest's total debt because it removes the debt of Ten from the parent company's books.
Ten shares have doubled

The sale is expected to be completed by Oct. 1. The price is a 4.8 per cent discount to what Ten's shares were trading at before the announcement. Ten shares have more than doubled as Australia's economy rebounds from the depth of the global recession last year.
Canwest, the Winnipeg-based media giant, owns daily newspapers in most major Canadian cities, including the National Post, the Calgary Herald, and the Vancouver Sun and the Global TV network. It also owns specialty channels such as Showcase and the History Channel with Goldman Sachs.
Canwest has sold numerous other assets including some of its local E! channel branded stations in Canada, indirect interests in four Turkish radio stations, and American political magazine the New Republic.
With files from The Canadian Press

[1ajs]

Confidence in city boosts organizers of Centrallia
By: Martin Cash
Winnipeg Free Press

24/09/2009

Strangely enough, the recent global recession has helped inject a dose of confidence in the idea that Winnipeg is a city that actually works pretty well.That's what happens when there is unemployment and economic disruption all over the place, and relative calm at home.

So now when there are discussions about CentrePort, for instance, people seem more inclined to talk about how it will work, rather than why it won't work.

That sense of confidence and enthusiasm about Winnipeg's place in the world is behind the organizers of Centrallia, a global small business forum taking place in Winnipeg in October 2010.

It was conceived of as an economic development event that can capitalize on and become part of Manitoba Homecoming 2010 festivities.

Centrallia will be the first anglo-North American event held in association with Futurallia, a French-based organization that has been holding intense international business-to-business speed-dating events all over the world for 20 years.

The idea to hold an event in Winnipeg was the brainchild of Mariette Mulaire, the energetic head of ANIM (Agence Nationale et Internaitonale du Manitoba).

ANIM, which is only a couple of years old, is effectively the province's subcontracted francophone trade development agency. With financial support from the province, it helps establish more links for Manitoba businesses throughout the francophone world.

Mulaire has been to Futurallia events and led a delegation of Manitoba businesses to one in Quebec City in 2008 as part of that city's 400th anniversary.

"When I go to trade shows and meet with business around the world encouraging them to come to Manitoba, they ask me what would be a good event for them to attend," she said.

Centrallia will be an excellent reason for small- and medium-sized enterprises from around the world to come to Winnipeg next year.

Mulaire has already enlisted the support of all of the key Manitoba business groups. She has rounded up financial support to organize the event -- the $1 million price-tag is an indication of the size and scope of the undertaking -- and is building momentum for the year-long task of securing delegates from around the world.

The magic formula of the event is getting hundreds of business people in the same room sitting across from each other in scheduled one-to-one pitches.

Centrallia has licensed Futurallia's unique match-making software that links compatible businesses to each other and then schedules meetings. Organizers are planning for 500 delegates (and hoping for 1,000), with about one-third of them from the region.

Centrallia will hold a kick-off event Oct. 20 when it might also announce a big name keynote speaker.

Among other things, it is seen as an opportunity to bring a lot of business people to Winnipeg so that they may advance their own self-interest and at the same time put Winnipeg on the global business map.

"ö "ö "ö

Loren Cisyk, IBM's Winnipeg territory manager, has been selected as one of only 17 Canadians to participate in IBM's Corporate Service Corp, thought of as the company's Peace Corps.

Next month Cisyk will travel to Chengdu, China (co-incidentally, a sister-city to Winnipeg), to participate with nine other IBM colleagues from around the world in a four-week project advising Chengdu small businesses about becoming part of the global marketplace.

It is a feather in Cisyk's cap just to get chosen to go and will add further sheen to IBM's 550-person strong Winnipeg operation that already does plenty of work for clients all over the world.

[wags_in_the_peg]

IT'S OFFICIAL NOW.... CanWest can avoid paying some bills while they restructre. I'm always leary when companies go bankrupt, money is funelled into other companies (for example Creswin).

CanWest Global Communications Corp. (CGS.A-T0.19-0.09-32.14%) said Tuesday it plans to file for bankruptcy protection.

The Winnipeg media company, owner of Global Television and the National Post, among a host of other media properties, plans to “voluntarily file for creditor protection under the Companies' Creditors Arrangement Act in order to implement the recapitalization plan.”

CanWest president and chief executive officer Leonard Asper said the company's operations “will continue uninterrupted” through the filing process.

[grumpy old man]

It's my understanding that CanWest and Creswin are two separate and distinct companies? Is it even possible for money to be funneled between those companies? Or are we making things up here? Best be careful when making such allusions...

[rrskylar]

Originally Posted by wags_in_the_peg

IT'S OFFICIAL NOW.... CanWest can avoid paying some bills while they restructre. I'm always leary when companies go bankrupt, money is funelled into other companies (for example Creswin).

CanWest Global Communications Corp. (CGS.A-T0.19-0.09-32.14%) said Tuesday it plans to file for bankruptcy protection.

The Winnipeg media company, owner of Global Television and the National Post, among a host of other media properties, plans to “voluntarily file for creditor protection under the Companies' Creditors Arrangement Act in order to implement the recapitalization plan.”

CanWest president and chief executive officer Leonard Asper said the company's operations “will continue uninterrupted” through the filing process.

Found this gem in the comments section of the Free Press:

I wonder how valuable an Asper degree is at the U of M these days ?

Not something I would highlight on my resume.

[Biff]

It's not like the Asper's themselves are teaching the courses. You are still obtaining a degree from a reputable business school, it is just that someone has bought the naming rights or been recognized with naming rights and attached it to your degree.

Graduates from the Asper School of Business just rang the bell for the NASDAQ stock exchange in New York, that is surely something i would like to have on my resume. Some people on this thread really come off pretty stupid sometimes.

Link to article: http://www.umanitoba.ca/faculties/ma...rship/1145.htm

[grumpy old man]

Originally Posted by Biff

Some people on this thread really come off pretty stupid sometimes.

Couldn't agree more. The Asper haters in Winnipeg mystify me...

[UrbanPlannerr]

Originally Posted by grumpy old man

Couldn't agree more. The Asper haters in Winnipeg mystify me...

As do many people who *hate* before they *think*...

[wags_in_the_peg]

A very good article.

http://www.theglobeandmail.com/repor...rticle1313504/

[Donovanf]

Not exactly in Winnipeg...

HudBay to spend $85 million for ramp linking Chisel North mine to Lalor deposit
By: David Paddon, THE CANADIAN PRESS


TORONTO - HudBay Minerals Inc. (TSX:HBM) will get started within weeks on what's expected to be a $450-million gold and base-metals project in northern Manitoba, one that CEO Peter Jones says could become Canada's next great underground mine.

Phase 1 will see $85 million spent on the construction of a three-kilometre tunnel ramp from HudBay's Chisel North mine to the Lalor mineral deposit, which has a significant amounts of gold, copper and zinc that the company plans to mine and process over the coming years.

Work on the ramp to the Lalor deposit is to begin almost immediately, probably using a combination of HudBay's own workforce and outside contractors.

"And within a matter of weeks, if not months, we will have people there using equipment to actually drive this incline tunnel," Jones said.

The company's stock has been setting successive 13-to 15-month highs almost every day since HudBay announced on Sept. 22 that it had discovered what appears to be a major new copper-gold zone beneath a base metal zone and a gold zone that had already been identified by the company.

HudBay shares closed at $13.70 Wednesday on the Toronto Stock Exchange and gained $1.25 or more than nine per cent by mid-afternoon Thursday after the company announced it's got the go-ahead for Phase 1.

Since returning to head HudBay in March after a 14-month hiatus, Jones has staked his considerable reputation on finding a new path for a company that some investors had felt lost its way under previous leadership.

Since Jones' return as chief, HudBay has sold its minority stake in Lundin for $236 million, announced plans to close its copper smelter in Flin Flon by mid-2010 and focused on aggressive development of the Lalor deposit.

"Large mines, especially large underground mines, don't come along every year, so this is quite a bookmark for us," Jones said in an interview Thursday.

"And for me personally, it's great to see us discovering this and putting the company on a firm footing in northern Manitoba going forward. It will assist us in being successful with our other mines and our other plants for years to come."

There will initially be about 30 people to get Phase 1 going, rising to 70 as the construction advances.

"And when the project (mine) is at full production, we'll have between 350 and 400 people," Jones said.

HudBay said the development of the ramp is expected to take about 2 1/2 years and will provide approximately 1,200 tons of ore per day for processing at HudBay's concentrator at Snow Lake, Man., once completed.

The ramp, or inclined tunnel, will start inside the Chisel North mine at a depth of about 400 metres from the surface and will go down in more-or-less a straight line to the upper layer of the Lalor deposit at a depth of about 800 metres.

There will also be a vertical shaft dug from the surface above the deposit, initially to a depth of about 1,000 metres. This production shaft will be used to hoist large volumes of ore to the surface, for transport elsewhere.

"All of the mining activity will be underground and the processing of the ore that is broken and brought to surface, it'll be trucked to our existing plant in Snow Lake where it will be processed into what we call a concentrate, and that concentrate will then be taken to our facilities in Flin Flon and processed into metal," Jones explained.

Apart from providing access to the zinc-laden base-metals zone, the ramp will provide an underground drilling platform for advanced exploration of Lalor's deeper gold and gold-copper zones.

"We want to start on that ramp right away and we want to fast-track the entire thing," Jones said.

One reason the company can move so quickly with Phase 1 is that it doesn't need to wait for regulatory approvals, he said.

"For this ramp, because it starting inside one of our existing mines, our belief is that it will not be necessary to seek individual permits for it," Jones said.

"However, for other parts of the project - including the principle vertical access shaft - that will require, more than likely, provincial permitting and possible review at the federal level as well."

"We're very hopeful that we'll be able to get that in place in eight months time."

The company plans to complete a pre-feasibility study by the end of this year and a feasibility study in 2010, which will provide a detailed analysis of costs, schedules and other requirements for the project.

HudBay, with the equivalent of about $850 million in its treasury, expects to fund the ramp entirely from its own resources and it would be able to pay for the entire $450-million projected cost for all three phases of the Lalor development.

"Using alternate funding is always a possibility, but right now we're saying it will likely be funded through our cash in hand."

HudBay is an integrated mining company with assets in North and Central America. It is focused on the discovery, production and marketing of base metals.

Jones said it believes the zinc and base metal zone, by itself, justifies the launch of Phase 1 of the Lalor project and work will continue to more precisely identify the extent of the gold and copper deposits that are more than a kilometre beneath the surface.

"Most of the other mineralization, the base metals and the gold zones, are at a higher elevation than the 1,300 metres where we believe the most recent copper-gold zone has been discovered," Jones said.

[rrskylar]

[Winnipegger]

Originally Posted by rrskylar

Hey, I go to school there. I'm sure the Aspers have almost no input in the school these days. It's just a way for them to divert funds to make them look good in spit of their recent failures.

[Wpg_Guy]

Date:13/10/2009 URL: http://www.thehindu.com/2009/10/13/s...1354640500.htm
--------------------------------------------------------------------------------
Back

Tamil Nadu - Chennai

Canadian province, Manitoba, to set up trade office in Chennai



Special Correspondent







CHENNAI: To help Indian businessmen to explore business opportunities or set up joint ventures in Canada, Government of Manitoba will set up a trade office in Chennai soon. It will be headed by Koteswara Rao of Global Network.

The Chennai Office will assist Manitoba companies to do business with Indian firms, facilitate business meetings, take trade delegations to Manitoba and advise Indian companies on various aspects of Manitoba.

Addressing the members of Consultative Committee of City Chambers of Commerce here on Monday, Bonnie de Moissac, Manager, International Business Development, Manitoba Trade and Investment Competitiveness, Training and Trade said, “Tamil Nadu and Manitoba has lot of things in common in business fields. There is so much to learn from you and firms from Tamil Nadu are good candidates for partnerships. If you are interested in doing business with North America, we are located exactly in the heart of North America.”

She mentioned that Manitoba had several advantages such as diversified and strong economy, third most cost competitive city in North America mid-west for doing business, world leaders in clean energy, Canadian leader in R&D, largest manufacturers of aerospace in Western Canada and buses in North America, good climate, culture and people.

B2B meet


Mr.Rao in his address requested the Indian firms to take part in the Centrallia, a B2B meet in which more than 500 small and medium enterprises would take part. It will be held in Winnipeg, Manitoba from October 20 to 22, 2010.

Shaun Wedwick, Canadian Consul and Senior Trade Commissioner in Chennai said that India was a top priority market for Canada and they were working hard to treble the bilateral trade of $4.5 billion by 2014.

“Two-way trade between Manitoba and India increased to $67 million in 2008 up from $45 million in 2004. There are immense opportunities for joint ventures, business in the areas of aerospace, ICT, agriculture, agro-food, life sciences, mining and energy.”

Ajay Pandey, Business Immigration Officer, Business Immigration and Investment Branch, Government of Manitoba gave an overview of investment opportunities in Manitoba.








© Copyright 2000 - 2009 The Hindu

[1ajs]

so the peacs continue to slip into place

[SKYSTHELIMIT]

She mentioned that Manitoba had several advantages such as diversified and strong economy, third most cost competitive city in North America mid-west for doing business, world leaders in clean energy, Canadian leader in R&D, largest manufacturers of aerospace in Western Canada and buses in North America, good climate, culture and people.

Had me until good climate

[rrskylar]

Wasn't sure what thread to post this in but it looks good here;


Winnipeg's First Family of millionaire moochers have outdone themselves

Last week it was announced that "Penny" Lenny, "Brother Can You Spare A Dime" David, and Gigglin' Gail Asper had managed to ride their daddy's Canwest Global empire into the toilet.

It's been an open secret for more than a year that these business sharpies were headed for bankruptcy court. It was last October that Canwest shares officially became a penny stock. In 2000 the stock traded at $18.55 a share; it had collapsed to 93 cents in the fall (pun intended) of 2008. It hit bottom at 12 1/2 cents before bouncing up to a whopping 20 cents a share in September.

And now we learn that the Aspers' plan for restructuring includes stiffing their employees for their vacation pay.

When it comes to their own pet projects, they've got their hands out; when it comes to their employees, it's "talk to the hand."

Among their victims are local favourites Meera Bahadoosingh and Andrea Slobodian who left Global TV Winnipeg last month for new jobs with Shaw TV (Andrea in Calgary, Meera in Murda City).

It turns out the former Global employees had been working to subsidize the millionaire owners of the TV station. They've been cheated out of thousands of dollars as the Aspers play Big Shot for their Winnipeg sycophants.

With more than a year to prepare, you would think that Penny Lenny Asper, Canwest Global president and CEO, would have set aside the cash to pay the money owed to employees leaving the company.

He prepared alright.

When filing for bankruptcy protection last week, Canwest requested the court to set aside $9.8 million in bonus payments for "key employees" to keep them on the job during the restructuring instead of bolting for the exit doors to find new jobs.

And just in case...the executives have strapped on their golden parachutes.

As of last September, Canwest Mediaworks president and CEO Dennis Skulsky was being paid $750,000 a year in base salary and bonuses. If he loses his job, he's guaranteed two years base salary and the average annual bonus collected over the previous three-year period

In an email to staff last week, Canwest chief executive Leonard Asper, who last year collected a $900,000 salary and a bonus of $153,780, cried crocodile tears over the 60 or so employees he's cheating out of the money they earned. "We sincerely regret the impact to them," he sniffed.

Meanwhile, Canwest spokesman John Douglas said that any ex-employee screwed out of money can take a number and line up with the other creditors. They could, he said pompously, " be part of the claims process."

Such callous treatment of the "little people" should be a huge red flag to the local governments who have been treating the Aspers like royalty instead of the panhandlers they've become.

...because stiffing the help is a pattern with the Aspers, not the rich man's burden they pretend.

In 2008, back when David Asper was still considered a "playa", he spent like a drunken sailor to win CRTC approval for his planned takeover of the license granted to radio station 107.9 FM. The license was for a campus radio station, but the owners had done an end-around the CRTC, dispensing with actually enrolling students, and running it as a commercial hip-hop station under the name 'Flava'.

Phat David bought up the private owner of 'Flava' and set up a company called YO Management to run the station. He promised the CRTC everything under the sun to let him keep the license, including taking over all the debts to former staff owed by 'Flava'.

Enter Duvol Dryden, a DJ and Flava radio host who was owed $10,000.

Dryden, taking Asper at his word, tried to collect his money after winning a federal Labour Board order, only to get the royal Asper runaround at every turn. He finally wrote to the CRTC during the hearing process to plead his case.

Frank Magazine found Dryden's letter in the CRTC files, from which we quote:

"I was supposedly a student representative on the board. For the record, I was never a student in any affiliated school course," he wrote in his intervention. "I was never invited to a board meeting, I never saw or approved minutes of a board meeting, and I was never invited to an Annual General Meeting."

"I see that the new supposed management of Harmony Broadcasting includes David Asper. Mr. Asper is behind a museum of human rights that going to cost a few million dollars. Human Rights? Here I am being treated like a black slave, being cheated out of my wages by someone Mr. Asper wants to reward with a high-paying guaranteed job, and he's sitting there saying 'Nothing personal, boy. Just business.'"

Nothing personal. Sound familiar?

Local governments fawned over the Aspers when they were known as the billionaire family owners of a media empire, promising them tens of millions of dollars for their pet projects. In return, the Aspers played their roles as rich benefactors, although the recipients of their largesse were usually themselves (the Canadian Museum for Human Rights) or their millionaire friends (The Friends of Upper Fort Garry).

Now that they've been exposed as the better-off brethren of the begging bums on Portage Avenue, it's time governments got off their knees and sounded the forbidden words: NOT ANOTHER PENNY.

C'mon. Does anybody believe David Asper can pull $100 million out of his hindquarters and buy the Blue Bombers, build a new stadium and finance a high-end mall for the luxury set? This year? Next year? The year after? The year after the year after?

Haven't we heard that chorus before? Little sister Gail has been singing it for years with her pet project, the Canadian Museum of Human Rights. You know, the one she's never been able to raise the money for despite years of begging.

Her last publicity stunt fundraiser was a grape-stomping event a local restaurant where she raised $25,000, which barely covers six months of globetrotting by the museum's Chief Operating Officer Patrick O'Reilly.

The museum hasn't been built yet and it's already on the verge of going belly up. $45 to $50 million in the hole. Not a hope of ever seeing that money without digging into the taxpayers' pockets.

The tradesmen better start asking for certified cheques in advance.

Just ask Andrea Slobodian and Meera Bahadoosingh what the Aspers' word is worth.

* H/t to The Great Canadian Talk Show

********
Professional Reporters at Work

Mary Agnes Welch, Winnipeg Free Press, Oct. 10, 2009, "Museum globetrotters"

"The museum is asking Ottawa to cover a $5.2-million budget shortfall this year by advancing money ear-marked for the 2010-2011 fiscal year. Museum communications director Angela Cassie says the original star-tup estimates first submitted to Ot-tawa have since been revised to allow more of the work to be done this year.
The museum will still be at least $5 million short of annual operating funds when it opens, thanks to main-tenance costs and property taxes not originally factored into the price of running the facility. The museum plans to fundraise to cover some of those costs, but warned in its annual report released Friday that future operating budgets presented to government could include requests for more money."

James Adams, Globe and Mail, Oct. 14, 2009, "Human-rights museum dodges financial crisis"

"The Canadian Museum for Human Rights, still an estimated three years from opening its doors in Winnipeg, has dodged a financial crisis, thanks to an accounting sleight of hand.

In its 2008-09 annual report tabled late last week in the House of Commons, the museum announced that the government has approved a request for an advance of $5.2-million to meet its operating budget for the current fiscal year. The money is being "reprofiled" from the $21.7-million the Conservative government previously had benchmarked for the Crown corporation's operations in 2011-12.

Previously, the CMHR, the construction of which began this year, had been budgeted to receive $3.4-million to operate during the 2009-2010 fiscal year ending March 31. The $3.4-million was part of a $6.1-million operating package Ottawa provided for 2008-09 and 2009-2010."


From Black Rod

[rrskylar]

Canwest receives notice of delisting from TSX effective Nov. 13

By: THE CANADIAN PRESS


WINNIPEG - Canwest Global Communications Corp. (TSX: CGS) announced Thursday it had received notice of delisting from the Toronto Stock Exchange effective at market close Nov. 13, 2009.

Trading in Canwest shares, which sit at 23.5 cents, is to remain suspended.

The media conglomerate's stock was halted Oct. 5 when it filed for creditor protection under a mountain of debt. The company made its first court appearance in Toronto Wednesday where it received approval for a timetable that would see its restructuring completed by the end of January.

Canwest is, however, facing stern resistance from U.S. investment bank Goldman Sachs which is concerned that a multibillion-dollar deal with Canwest could be jeopardized by too speedy a process.

Goldman suggested a time line that tight could threaten a key agreement forged between Canwest and the investment bank in 2007 when they paired up to buy Alliance Atlantis Communications Inc. for $2.3 billion.

Canwest has nearly $4 billion in debt, incurred mostly when it bought Conrad Black's newspaper assets in 2000 and the group of specialty channels from Alliance Atlantis in 2007.

Not all of its business units filed for creditor protection. The divisions included are Canwest Television Limited Partnership, which holds Global Television, MovieTime, DejaView and Fox Sports World, and the National Post Company.

The filing did not include Canwest companies that hold the urban dailies - including the Montreal Gazette, Edmonton Journal and Ottawa Citizen - and the specialty channels acquired in the Alliance Atlantis deal.

The TSX delisting was imposed for failure by Canwest to meet the continued listing requirements. Any appeal of the decision must be initiated by Oct. 21, 2009.