CanWest unloads U.K. radio stations
Sells three stations in Scotland and EnglandTORONTO -- Canadian broadcaster CanWest Global Communications Corp. said Monday that it has sold three U.K. FM radio stations to reduce its debt load.
Details of the sales prices were not disclosed, but Winnipeg-based CanWest said that two regional FM stations in Bristol, England, and Aberdeen, Scotland, were sold to private investors that include management representatives. A third station in Solent was sold to Complete Communications Corp.
CanWest initially put the British FM stations on the block in May.
In a separate move, CanWest Global, which is controlled by the Asper family of Winnipeg, is weighing whether to take the company private with the backing of Fairfax Financial Holdings Ltd.