CanWest sells its 75% stake in The New Republic to investor group

CanWest Global Communications Corp. ("Canwest" or the "Company") announced today that it has sold The New Republic to a group of private investors which include Laurence Grafstein and Martin Peretz, the magazine's long-time editor-in-chief. Terms of the sale were not disclosed. Grafstein is a TNR board member and, most importantly, someone with deep pockets. He was until recently a top executive