Friday, March 6, 2009

Aspers negotiating sale of CanWest stake in The New Republic

[This post has been updated] The Aspers are considering selling back their majority ownership of the U.S. magazine The New Republic, as they try to divest "non-core assets" in the face of serious financial problems. CanWest Global Media Inc. (a subsidiary of CanWest Media Works International) bought a 25% stake in the 98-year-old Washington-based magazine in January 2006, then an additional 50%

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