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CanWest receives $26M from Hollinger
12/2/2004

 
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WINNIPEG - CanWest Global Communications Corp., which bought the remaining 50 per cent of the National Post in April 2002, says one of its subsidiaries has received $26.4 million as partial settlement of claims related to the purchase.

Winnipeg-based CanWest had sued Chicago-based Hollinger in Ontario Superior Court in December 2003 over agreements made in the purchase of the Post, which was founded by Conrad Black in 1998.

CanWest obtained a summary court judgment in August for a portion of its claim. This week's payment represents the full amount of the judgment, plus interest and costs.

Certain other claims are still in court.




 
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