Canadian-controlled TV3 Television Network (Ireland) has signed a broad- casting contract with the country's Independent Radio and Television Commission, paving the way for TV3's launch in late 1998.
Canadian broadcaster CanWest Global Communications Corp. of Winnipeg has a 45% interest in the network, making it the largest single shareholder.
Dublin-based TV3 "has now become a reality," says Peter Viner, president and CEO of CanWest, which owns the Global television network in Canada as well as interests in Australia's Network TEN and New Zealand's TV3 and TV4.
A fifth of the Irish network is owned together by production company Windmill Lane Pictures, Paul McGuinness and Ossie Kilkenny, the latter two being the manager and financial advisor for world-famous Irish pop group U2.
To meet Irish broadcasting regulations, CanWest will place TV3's remaining 35% interest with private parties.
Copyright November 1997, Crain Communications Inc.