HTV is thought to be considering a share swap with CanWest as protection against any takeover attempt by Carlton Communications. The swap would involve the Canadian media giant taking a 49% share in HTV and in return HTV would receive around £200m of shares in CanWest.
CanWest has been seeking an entry into the British television market for the past few years and was part of the UKTV consortium which failed to win the Channel 5 license.
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