An arbitrator has denied a claim from a major Canadian media company that said it was entitled to acquire a 50 percent interest in The Jerusalem Post.
CanWest Global Communications Corp. announced Friday that a New York-based arbitrator had ruled against it in its dispute with Mirkaei Tikshoret Group, an Israel-based media company.
The sale of the newspaper had been originally announced in late 2004 by Hollinger International Inc., a Chicago-based company formerly run by the Canadian-born newspaper baron Conrad Black.
Geoffrey Elliot, vice president of corporate affairs at CanWest, said the company was reviewing the arbitrator's decision and would consider its legal options.
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