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Canwest

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Canwest Global Communications Corp.
Type Public (TSXCGS TSXCGS.A)
Founded (1974)
Headquarters Winnipeg, Manitoba
Key people Leonard Asper - President & CEO
Industry Communications & Media Services
Products Publishing
Broadcasting
Advertising
Revenue $2.87 billion USD (2007)[1]
Net income $279 million USD (2007)[1]
Employees 2,171 (2008)[1]
Website www.canwest.com

Canwest Global Communications Corp. (TSXCGS, TSXCGS.A), operating under the corporate brand Canwest, is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba at Canwest Place.

Contents

[edit] Operations

  • Global Television Network, a Canadian television network which reaches over 94% of the English-speaking population of Canada;
  • E!, a second system consisting of five smaller-market stations; however, through repeaters and cable television it reaches the majority of major Canadian markets. The "E!" name is licensed by the American channel of the same name, which also supplies the majority of its programming outside of local news and regional programming and primetime shows from the American broadcast networks;
  • specialty services including TVtropolis and various digital services;
  • the former Southam newspaper chain, which includes the number-two national newspaper National Post, the broadsheet daily newspapers in most major markets, and several other smaller newspapers. Canwest is Canada's largest newspaper publisher;
  • production, distribution, and Internet assets such as Canwest Entertainment and canada.com, one of Canada's largest Internet portals
  • Mobile Video Productions, providing production trucks for use throughout North America
  • Canwest News Service (www.canwestnewsservice.com), is Canada's largest wire service with 1,000 journalists contributing content.

CanWest also owns a majority of Ten Network Holdings Limited, parent of Australia's Network Ten.

On January 10, 2007, it was announced that Alliance Atlantis would be acquired by a consortium of Canwest 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.[2] 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 Canadian Radio-television and Telecommunications Commission (CRTC), and the national public broadcaster, 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:

Upon acquiring Southam's Newspapers from Hollinger International, Israel Asper continued Conrad Black's policy of 'blacklisting' influential Canadian world and military affairs journalist Gwynne Dyer's internationally published articles. This antipathy was prompted by Dyer's views on conflict in the Middle East and his opposition to neoconservatism, which run contrary to the ideological views of Asper and others on Canwest's board of directors then and today. Partially as a response to this, Dyer published a collection of his articles on the Middle East and related topics called "With Every Mistake" in 2005.

[edit] References

[edit] External links

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