TV

Canwest launching equity offering for Ten Network shares

Canwest Global Communications Corp. announced on Monday that it will be launching an equity offering for Ten Network Holdings Limited. The equity offering represents approximately 13% of current total shares on issue for the Australian network and is expected to raise approximately A$138 million. The Canwest release says 120 million shares will be offered for sale at A$1.15 per share, and that the equity offering will reduce Canwest's ownership stake of Ten Holdings from approximately 57% to slightly more than 50%.
By
August 4, 2009

Canwest Global Communications Corp. announced on Monday that it will be launching an equity offering for Ten Network Holdings Limited. The equity offering represents approximately 13% of current total shares on issue for the Australian network and is expected to raise approximately A$138 million. The Canwest release says 120 million shares will be offered for sale at A$1.15 per share, and that the equity offering will reduce Canwest's ownership stake of Ten Holdings from approximately 57% to slightly more than 50%.

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About The Author
Barry Walsh is editor-in-chief and content director for Realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to Realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.
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