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Broadcasters moving ahead with more diginets, despite poor performance of existing digital services

News | 02/28/2003 5:00 am EST

Canadian broadcasters are prepping for the launch of yet more digital specialty television channels, even though the roughly 50 services already on air have sustained multi-million dollar losses. CanWest Global Communications Corp., whose six diginets led the broadcasting sector going in the red with a combined pre-interest/tax loss of $29.4 million in the year ended Aug. 31, 2002, is one broadcaster planning to pump out more channels. It plans to go live with the jazz-based digital service CoolTV within the next three months.

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