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Copesa takes over Chile’s Channel 4

SANTIAGO – Copesa, Chile’s second-largest newspaper publisher, has emerged as the sole owner of TV station Channel 4, also known as La Red. In November the group bought Canadian broadcaster Canwest’s 49% share in the station for $9.5 million.

An agreement subsequently was reached Friday Dec. 20 with the station’s creditors for an additional $8.3 million to settle the station’s outstanding debt.

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