TORONTO, Feb. 19 /CNW/ -- A group led by Catalyst Capital Group Inc. (the"Catalyst Group") that includes the Asper family and Canadian broadcastingindustry executives, Rael P. Merson and John H. Tory, announced today thatthey have submitted to the Canwest Special Committee a restructuring proposal(the "Proposal") to facilitate the Company's emergence from the CCAA process.
Leonard Asper said, "This proposal will allow the public company to pursue a more focused business strategy that allows it to aggressively pursueopportunities in the rapidly changing media landscape. With respected Canadianpartners, a strong capital base and significant broadcast industry experienceat the helm, the new company has the opportunity to deliver significant valueto its current stakeholders and future public shareholders."
http://www.cnxmarketlink.com/en/releases/archive/February2010/19/c3187.html
