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Posted on 21/02/09

As CanWest seeks credit, rivals target prized assets

Potential bids are being drawn up for CanWest Global Communications Corp.'s coveted specialty channels in the event the media company is forced to liquidate assets.Sources say investment bankers have approached two Canadian broadcasters, Corus Entertainment Inc. and Astral Media Inc., to formulate a bid for CanWest's stake in specialty assets formerly owned by Alliance Atlantis Communications Inc.

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