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SBD/12/Finance
TSN TEASES WITH THE NOTION OF FLOATING AN IPO
Published December 12, 1997
NetStar Communications, owner of Canada's TSN, "is
considering turning itself into a publicly listed company,
with an initial public offering of up to" C$100M, according
to Gayle Macdonald of the Toronto GLOBE & MAIL. TSN Founder
& NetStar CEO Gordon Craig: "At this point, we're looking at
the whole issue quite seriously to see if it's the right
time to do an IPO." Craig said the company would use
proceeds of an IPO "to buy specialty-channel properties,"
but he would not elaborate on what assets his two-year-old
company might be interested in (GLOBE & MAIL, 12/12).
