Sep 23, 2009 (The Australian Financial Review - ABIX via COMTEX) --AUPPF Quote Chart News PowerRating -- CanWest is expected to sell its 50.1% stake in the Ten Network in response to the rising Australian dollar and a looming debt repayment deadline. The stake is expected to sell for around $A680m, with Ten's share price having closed at $A1.36 on 23 September 2009. Independent News & Media is also considering the sale of its 32% holding in APN News & Media, although the group's board is yet to agree on a strategy to reduce its $A2.34bn debt.
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