HOLLINGER SALE TO CANWEST GLOBAL DOES NOT INCLUDE SOUTHAM MAG. & INFO. GROUP.(Brief Article)(Statistical Data Included)

CanWest Global Communications' (Toronto, ON) desire to enter the trade publishing industry was denied after the company had to abort a $800 million junk bond issue. The decision meant that CanWest was unable to raise the $3.5 billion it had originally pledged to pay for a variety of Hollinger International (Toronto, ON) assets, including Hollinger's Southam Magazine and Information Group (SMIG).

Instead of the $3.5 billion originally promised, CanWest paid $3.2 billion for a 50% interest in the "National Post," Hollinger's metropolitan and many of its Canadian community newspapers, and its Canadian Internet properties. Excluded from terms of the origial deal …