OTTAWA ONTARIO May 05 MARKET WIRE — Their Excellencies the Right Honourable Michaelle Jean Governor Generalof Canada and Mr
OTTAWA, ONTARIO, May 05 (MARKET WIRE) — Their Excellencies the Right Honourable Michaelle Jean, Governor Generalof Canada, and Mr. Jean-Daniel Lafond will honour the recipients of thisyear’s Governor General’s Performing Arts Awards during a ceremony atRideau Hall on Friday, May 8, 2009, at 6 p.m.The Governor General’s Performing Arts Awards CeremonyCreated in 1992, the Governor General’s Performing Arts Awards are themost prominent artistic honour bestowed upon Canadians in the performingarts. They are administered by the GGPAA Foundation, a private,not-for-profit charitable organization. Nominations for the awards aresolicited from the public and the performing arts community. Each year,Governor General’s Performing Arts Awards are presented for LifetimeArtistic Achievement in the categories of theatre, dance, classicalmusic, popular music, film and radio and television broadcasting.2009 Governor General’s Performing Arts Award Recipients- Peggy Baker- Edith Butler- Clemence DesRochers- Robert Lepage (Please note that Mr. Lepage received his award at RideauHall on April 2, 2009 and will not be present on May 8, 2009.)- R Murray Schafer- George F. WalkerRamon John Hnatyshyn Award for Voluntarism in the Performing Arts- James D.
* Tuesday latest deadline in creditor talks Stocks | Bonds * Canwest seeks to restructure C$4 bln debtload (In U.S. dollars unless noted) By Wojtek Dabrowski TORONTO, May 5 (Reuters) – Canwest Global CommunicationsCorp CGS.TO faces its latest deadline on Tuesday in talkswith creditors to restructure its creaking balance sheet amidan advertising downturn that has bruised its newspapers andtelevision stations. Canwest, Canada’s biggest media company, has until sometimelater on Tuesday to reach a deal — or yet again extendnegotiations — with both its senior lenders and investorsholding its 8 percent senior subordinated notes. The company already owes a $30.4 million interest paymentto the noteholders, who now have the right to demand payment ofabout $761 million in principal.
However, the investors haveagreed not to do this, opting to hold talks with the companyinstead. This could change at any time, however, and a repaymentdemand could spell serious and immediate trouble for Canwest. The company has also spent recent months negotiating withits senior lenders. Repeated deadlines in these talks have beenset before, only to be extended.
While critical, the senior subordinated note negotiationsare only the tip of the iceberg for Winnipeg, Manitoba-basedCanwest, which has a debtload of about C$4 billion ($3.4billion). The recession continues to choke the advertising market,which is the lifeblood of Canwest’s stable of newspapers andtelevision stations. It has also depressed the appetite thatpotential buyers might have for Canwest’s assets. The company owns a chain of daily newspapers in Canada,including the flagship National Post, as well as the Globaltelevision network.