Canadian media giant uses Irish subsidiary for antipodean ventures

An Irish subsidiary of Canadian media conglomerate CanWest made a profit of €71 million last year after offloading its stake in a New Zealand radio and television operation.

Ian Kehoe - avatar

Ian Kehoe

12th July, 2008

An Irish subsidiary of Canadian media conglomerate CanWest made a profit of €71 million last year after offloading its stake in a New Zealand radio and television operation.

The Canadian media giant also used the Dublin-based subsidiary to buy a majority stake in Ten Network Holdings, one of Australia’s largest television groups, according to documents lodged in the Companies Office.

CanWest MediaWorks Ireland was incorporated in Ireland in July 2004 and acts as...

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