CANWEST GLOBAL CANS NOTION OF SELLING AUSTRALIA’S NETWORK TEN TELEVISION
December 13th 2007 01:29
Canada’s CanWest Global Communications has canned further speculation that it is still searching for a buyer for its stake in Australia’s Ten Network television.
CanWest global president and chief executive Leonard Asper confirmed the company has abandoned its search for a buyer for Ten and told the Australian Financial Review that it was “no longer in a mindset to sell.”
Asper told the Australian Financial Review, “That boat has sailed. Although you can never say never, we’ve turned off that process. We’re now sitting on board meetings talking about growing the business.”
- From MediaBlab
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