Canwest Agrees with Ad Hoc Committee of 8% Senior Subordinated Noteholders to Extend Deadline for Filing a Recapitalization Plan

WINNIPEG--(Business Wire)--
Canwest Global Communications Corp. ("Canwest" or the "Company") announced today
that Canwest and certain of its subsidiaries have agreed with members of the ad
hoc committee of 8% senior subordinated noteholders (the "Ad Hoc Committee") of
Canwest Media Inc. to extend until November 30, 2009 the date by which the
Company must file a consensual recapitalization plan with the Ontario Superior
Court of Justice (the "Court"). The previously announced support agreement
between Canwest and certain of its subsidiaries and the Ad Hoc Committee
originally contemplated the filing with the Court no later than November 5,
2009.

The extension provides Canwest with additional time to develop, in consultation
with the members of the Ad Hoc Committee, a comprehensive plan for an orderly
and structured recapitalization for the benefit of all stakeholders.

More information about Canwest`s restructuring can be found at www.canwest.com.

Forward Looking Statements:

This news release contains certain forward-looking statements about the
objectives, strategies, financial conditions, results of operations and
businesses of Canwest. Statements that are not historical facts are
forward-looking and are subject to important risks, uncertainties and
assumptions.These statements are based on our current expectations about our
business and the markets in which we operate, and upon various estimates and
assumptions.The results or events predicted in these forward-looking statements
may differ materially from actual results or events if known or unknown risks,
trends or uncertainties affect our business, or if our estimates or assumptions
turn out to be inaccurate.As a result, there is no assurance that the
circumstances described in any forward-looking statement will
materialize.Significant and reasonably foreseeable factors that could cause our
results to differ materially from our current expectations are discussed in the
section entitled "Risk Factors" contained in our Annual Information Form for the
year ended August 31, 2008 dated November 24, 2008 filed by Canwest Global
Communications Corp. with the Canadian securities commissions (available on
SEDAR atwww.sedar.com), as updated in our most recent Management's Discussion
and Analysis for the nine months ended May 31, 2009. Unless required by law, we
disclaim any intention or obligation to update any forward-looking statement
even if new information becomes available, as a result of future events or for
any other reason.

About Canwest Global Communications Corp.

Canwest Global Communications Corp. (www.canwest.com) is Canada`s largest media
company. In addition to owning the Global Television Network, operating 18
industry-leading specialty channels and having ownership in 5 specialty
channels, Canwest is Canada`s largest publisher of English language paid daily
newspapers and owns and operates more than 80 online properties.

Canwest Global Communications Corp.
Media Contact:
John Douglas, Senior Vice President, Public Affairs, (204) 953-7737
jdouglas@canwest.com
or
Investor Contact:
Hugh Harley, Director, Investor Relations, (204) 953-7731
hharley@canwest.com

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