EXHIBIT 25.1
FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)[ ]
------------------------
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
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NEW YORK 13-5160382
(Jurisdiction of incorporation or organization (I.R.S. Employer
if not a U.S. national bank) Identification No.)
ONE WALL STREET, NEW YORK, NEW YORK 10286
(Address of principal executive offices) (Zip code)
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------------------------
CANWEST MEDIA INC.
(Exact name of obligor as specified in its charter)
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CANADA N/A
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
31ST FLOOR, TD CENTRE R3B 3L7
201 PORTAGE AVENUE (Zip Code)
WINNIPEG, MANITOBA, CANADA
(Address of principal executive offices)
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2
TABLE OF ADDITIONAL OBLIGORS
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<Caption>
STATE OR OTHER
JURISDICTION OF
INCORPORATION OR I.R.S. EMPLOYER
EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER ORGANIZATION IDENTIFICATION NO.
__________________________________________________________________________________________________
2846551 Canada Inc. Canada N/A
__________________________________________________________________________________________________
3919056 Canada Ltd. Canada N/A
__________________________________________________________________________________________________
Apple Box Productions Sub Inc. Canada N/A
__________________________________________________________________________________________________
BCTV Holdings Inc. Canada N/A
__________________________________________________________________________________________________
Calgary Herald Group Inc. Canada N/A
__________________________________________________________________________________________________
CanWest - Montreal R.P. Holdings Inc. Canada N/A
__________________________________________________________________________________________________
CanWest - Windsor R.P. Holdings Inc. Canada N/A
__________________________________________________________________________________________________
CanWest Broadcasting (2001) Ltd. Manitoba N/A
__________________________________________________________________________________________________
CanWest Finance Inc./Financiere CanWest Inc. Quebec N/A
__________________________________________________________________________________________________
CanWest Global Broadcasting Inc./ Quebec N/A
Radiodiffusion CanWest Global Inc.
__________________________________________________________________________________________________
CanWest Interactive Inc. Canada N/A
__________________________________________________________________________________________________
CanWest International Communications Inc. Barbados N/A
__________________________________________________________________________________________________
CanWest International Management Inc. Barbados N/A
__________________________________________________________________________________________________
CanWest Irish Holdings (Barbados) Inc. Barbados N/A
__________________________________________________________________________________________________
CanWest Media Sales Limited Canada N/A
__________________________________________________________________________________________________
CanWest NZ Radio Holdings Limited New Zealand N/A
__________________________________________________________________________________________________
CanWest Publications Inc. Canada N/A
__________________________________________________________________________________________________
CGS Debenture Holdings (Netherlands) B.V. Netherlands N/A
__________________________________________________________________________________________________
CGS International Holdings (Netherlands) B.V. Netherlands N/A
__________________________________________________________________________________________________
CGS NZ Radio Shareholding (Netherlands) B.V. Netherlands N/A
__________________________________________________________________________________________________
CGS NZ TV Shareholding (Netherlands) B.V. Netherlands N/A
__________________________________________________________________________________________________
CGS Shareholding (Netherlands) B.V. Netherlands N/A
__________________________________________________________________________________________________
CHBC Holdings Inc. Canada N/A
__________________________________________________________________________________________________
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3
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STATE OR OTHER
JURISDICTION OF
EXACT NAME OF OBLIGOR INCORPORATION OR I.R.S. EMPLOYER
AS SPECIFIED IN ITS CHARTER ORGANIZATION IDENTIFICATION NO.
_________________________________________________________________________________________
CHEK Holdings Inc. Canada N/A
_________________________________________________________________________________________
Clarinet Music Inc. Ontario N/A
_________________________________________________________________________________________
Edmonton Journal Group Inc. Canada N/A
_________________________________________________________________________________________
Fox Sports World Canada Holdco Inc. Canada N/A
_________________________________________________________________________________________
Global Centre Inc. Canada N/A
_________________________________________________________________________________________
Global Communications Limited Canada N/A
_________________________________________________________________________________________
Global Television Centre Ltd. Canada N/A
_________________________________________________________________________________________
Global Television Network Inc. Canada N/A
_________________________________________________________________________________________
Global Television Network Quebec, Limited
Partnership/Reseau De Television Global Quebec,
Societe en Commandite Canada N/A
_________________________________________________________________________________________
Global Television Specialty Networks, Inc. Canada N/A
_________________________________________________________________________________________
Lonestar Holdco Inc. Canada N/A
_________________________________________________________________________________________
Lower Mainland Publishing Group Inc. Canada N/A
_________________________________________________________________________________________
Montreal Gazette Group Inc. Canada N/A
_________________________________________________________________________________________
Multisound Publishers Ltd. Canada N/A
_________________________________________________________________________________________
Nanaimo Daily News Group Inc. Canada N/A
_________________________________________________________________________________________
ONtv Holdings Inc. Canada N/A
_________________________________________________________________________________________
Ottawa Citizen Group Inc. Canada N/A
_________________________________________________________________________________________
Pacific Newspaper Group Inc. Canada N/A
_________________________________________________________________________________________
Port Alberni Times Group Inc. Canada N/A
_________________________________________________________________________________________
ReachCanada Contact Centre Limited Canada N/A
_________________________________________________________________________________________
Regina Leader Post Group Inc. Canada N/A
_________________________________________________________________________________________
Retrovista Holdco Inc. Canada N/A
_________________________________________________________________________________________
Saskatoon Starphoenix Group Inc. Canada N/A
_________________________________________________________________________________________
Southam Digital Inc. Canada N/A
_________________________________________________________________________________________
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4
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_________________________________________________________________________________________________________________________________
STATE OR OTHER
JURISDICTION OF
INCORPORATION OR I.R.S. EMPLOYER
EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER ORGANIZATION IDENTIFICATION NO.
_________________________________________________________________________________________________________________________________
Studio Post & Transfer Sub Inc. Canada N/A
_________________________________________________________________________________________________________________________________
TV3 Network Services Limited New Zealand N/A
_________________________________________________________________________________________________________________________________
TV4 Network Limited New Zealand N/A
_________________________________________________________________________________________________________________________________
Vancouver Island Newspaper Group Inc. Canada N/A
_________________________________________________________________________________________________________________________________
Victoria Times Colonist Group Inc. Canada N/A
_________________________________________________________________________________________________________________________________
Western Communications Inc. Canada N/A
_________________________________________________________________________________________________________________________________
WIC Mobile TV Inc. Canada N/A
_________________________________________________________________________________________________________________________________
WIC Television Production Sub Inc. Canada N/A
_________________________________________________________________________________________________________________________________
Windsor Star Group Inc. Canada N/A
_________________________________________________________________________________________________________________________________
Xtreme Sports Holdco Inc. Canada N/A
_________________________________________________________________________________________________________________________________
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The address, including zip code, of the principal executive offices of
each of the additional obligors are as follows:
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_________________________________________________________________________________________________________________________________
OBLIGOR ADDRESS ZIP CODE
_________________________________________________________________________________________________________________________________
2846551 Canada Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
_________________________________________________________________________________________________________________________________
3919056 Canada Limited 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba, Canada
_________________________________________________________________________________________________________________________________
Apple Box Productions Sub Inc. #300 -- 10359 Whyte Avenue T6E 1Z9
Edmunton, Alberta, Canada
_________________________________________________________________________________________________________________________________
BCTV Holdings Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
_________________________________________________________________________________________________________________________________
Calgary Herald Group Inc. 215, 16 Street SE T2P 0W8
Calgary, Alberta, Canada
_________________________________________________________________________________________________________________________________
CanWest-Montreal R.P. Holdings Inc. 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba, Canada
_________________________________________________________________________________________________________________________________
CanWest-Windsor R.P. Holdings Inc. 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba, Canada
_________________________________________________________________________________________________________________________________
CanWest Finance Inc./Financiere c/o 800 Place Victoria H4Z 1E9
CanWest Inc. Suite 3400
_________________________________________________________________________________________________________________________________
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5
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_________________________________________________________________________________________________________________________________
OBLIGOR ADDRESS ZIP CODE
_________________________________________________________________________________________________________________________________
Montreal, Quebec, Canada
_________________________________________________________________________________________________________________________________
CanWest Global Broadcasting c/o 800 Place Victoria H4Z 1E9
Inc./Radiodiffusion CanWest Global Suite 3400
Inc. Montreal, Quebec, Canada
_________________________________________________________________________________________________________________________________
CanWest Interactive Inc. 30th Floor, 201 Portage Avenue R3B 3K6
Winnipeg, Manitoba, Canada
_________________________________________________________________________________________________________________________________
CanWest International Enfield House, Upper Collymore Rock N/A
Communications Inc. St. Michael, Barbados, West Indies
_________________________________________________________________________________________________________________________________
CanWest International Management Enfield House, Upper Collymore Rock N/A
Inc. St. Michael, Barbados, West Indies
_________________________________________________________________________________________________________________________________
CanWest Irish Holdings (Barbados) Enfield House, Upper Collymore Rock N/A
Inc. St. Michael, Barbados, West Indies
_________________________________________________________________________________________________________________________________
CanWest Media Sales Limited 245 rue Saint-Jacques H2Y 1M6
Suite 100
Montreal, Quebec, Canada
_________________________________________________________________________________________________________________________________
CanWest NZ Radio Holdings Limited Private Bag 92624 N/A
Simon Street
Auckland, New Zealand
_________________________________________________________________________________________________________________________________
CanWest Publications Inc. 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba
_________________________________________________________________________________________________________________________________
CGS Debenture Holding Herengracht 483 N/A
(Netherlands) B.V. 1017 BT Amsterdam
The Netherlands
_________________________________________________________________________________________________________________________________
CGS International Holdings Herengracht 483 N/A
(Netherlands) B.V. 1017 BT Amsterdam
The Netherlands
_________________________________________________________________________________________________________________________________
CGS NZ Radio Shareholding Herengracht 483 N/A
(Netherlands) B.V. 1017 BT Amsterdam
The Netherlands
_________________________________________________________________________________________________________________________________
CGS NZ TV Shareholding Herengracht 483 N/A
(Netherlands) B.V. 1017 BT Amsterdam
The Netherlands
_________________________________________________________________________________________________________________________________
CGS Shareholding (Netherlands) B.V. Herengracht 483 N/A
_________________________________________________________________________________________________________________________________
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6
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<Caption>
___________________________________________________________________________________________
OBLIGOR ADDRESS ZIP CODE
___________________________________________________________________________________________
1017 BT Amsterdam
The Netherlands
___________________________________________________________________________________________
CHBC Holdings Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
CHEK Holdings Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Clarinet Music Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Edmonton Journal Group Inc. 10006 - 101 Street T5J 2S6
Edmonton, Alberta, Canada
___________________________________________________________________________________________
Fox Sports World Canada Holdco, Inc. 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba, Canada
___________________________________________________________________________________________
Global Centre Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Global Communications Limited 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Global Television Centre Ltd. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Global Television Network Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Global Television Network Quebec, 31st Floor, 201 Portage Avenue R3B 3L7
Limited Partnership/Reseau De Winnipeg, Manitoba, Canada
Television Global Quebec, Societe en
Commandite
___________________________________________________________________________________________
Global Television Specialty Networks Inc. 30th Floor, 201 Portage Avenue R3B 3K6
Winnipeg, Manitoba, Canada
___________________________________________________________________________________________
Lonestar Holdco Inc. 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba, Canada
___________________________________________________________________________________________
Lower Mainland Publishing Group Inc. 3355 Grandview Highway V5M 1Z5
Vancouver, British Columbia
Canada
___________________________________________________________________________________________
Montreal Gazette Group Inc. 250 St. Antoine Street H2Y 3R7
West Montreal, Quebec, Canada
___________________________________________________________________________________________
Multisound Publishers Ltd. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Nanaimo Daily News Group Inc. 2575 McCullough Road V9S 5W5
Nanaimo, British Columbia
Canada
___________________________________________________________________________________________
ONtv Holdings Inc. 81 Barber Greene Road M3C 2A2
Don Mills, Ontario, Canada
___________________________________________________________________________________________
Ottawa Citizen Group Inc. 1101 Baxter Road K2C 3M4
___________________________________________________________________________________________
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7
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<Caption>
___________________________________________________________________________________________
OBLIGOR ADDRESS ZIP CODE
___________________________________________________________________________________________
Ottawa, Ontario, Canada
___________________________________________________________________________________________
Pacific Newspaper Group Inc. 200 Granville Street V6V 3N3
Vancouver, British Columbia,
Canada
___________________________________________________________________________________________
Port Alberni Times Group Inc. 4918 Napier Street V9Y 7N1
Port Alberni, British Columbia,
Canada
___________________________________________________________________________________________
ReachCanada Contact Centre Limited 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba, Canada
___________________________________________________________________________________________
Regina Leader Post Group Inc. 1964 Park Street S4P 3G4
Regina, Saskatchewan, Canada
___________________________________________________________________________________________
Retrovista Holdco Inc. 31st Floor R3B 3L7
201 Portage Avenue
Winnipeg, Manitoba, Canada
___________________________________________________________________________________________
Saskatoon Starphoenix Group Inc. 204 Fifth Avenue North S7K 2P1
Saskatoon, Saskatchewan,
Canada
___________________________________________________________________________________________
Southam Digital Inc. 31st Floor R3B 3L7
201 Portage Avenue
Winnipeg, Manitoba, Canada
___________________________________________________________________________________________
Studio Post & Transfer Sub Inc. 5305 Allard Way T6H 5X8
Edmonton, Alberta, Canada
___________________________________________________________________________________________
TV3 Network Services Limited Private Bag 92624 N/A
Simon Street
Auckland, New Zealand
___________________________________________________________________________________________
TV4 Network Limited Private Bag 92624 N/A
Simon Street
Auckland, New Zealand
___________________________________________________________________________________________
Vancouver Island Newspaper Group Inc. 34375 Cyril Street V2s 2H5
Abbotsford, BC
___________________________________________________________________________________________
Victoria Times Colonist Group Inc. 2621 Douglas Street V8T 4M2
Victoria, British Columbia,
Canada
___________________________________________________________________________________________
Western Communications Inc. P.O. Box 6020 97708
Bend, OR
___________________________________________________________________________________________
WIC Mobile TV Inc. 163 Jackson Street West 8N 3A5
Hamilton, Ontario, Canada
___________________________________________________________________________________________
WIC Television Production Sub Inc. 1960 - 505 Burrard Street V7X 1M6
Vancouver, British Columbia,
Canada
___________________________________________________________________________________________
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8
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<Caption>
___________________________________________________________________________________________
OBLIGOR ADDRESS ZIP CODE
___________________________________________________________________________________________
Windsor Star Group Inc. 167 Ferry Street N9A 4M5
Windsor, Ontario, Canada
___________________________________________________________________________________________
Xtreme Sports Holdco Inc. 31st Floor, 201 Portage Avenue R3B 3L7
Winnipeg, Manitoba
___________________________________________________________________________________________
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9
7 5/8% SENIOR NOTES DUE 2013
(Title of the indenture securities)
1. GENERAL INFORMATION. FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE:
(a) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
WHICH IT IS SUBJECT.
Superintendent of Banks of the State 2 Rector Street, New York, New York
of New York 10006, and Albany, New York 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York, New York
10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH THE OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE SECURITIES AND
EXCHANGE COMMISSION, ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT
HERETO, PURSUANT TO RULE 7a-29 UNDER THE TRUST INDENTURE ACT OF 1939
(THE "ACT") AND 17 C.F.R. 229.10(d).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains the
authority to commence business and a grant of powers to exercise
corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
filed with Registration Statement No. 33-6215,
10
Exhibits 1a and 1b to Form T-1 filed with Registration Statement No.
33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No.
33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)
7. A copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining
authority.
11
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in the City of New York, and
State of New York, on the 17th day of June 2003.
THE BANK OF NEW YORK
By: /s/ Vanessa Mack
------------------------------------
Name: Vanessa Mack
Title: Assistant Vice President
12
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September 30,
2002, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.
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<Caption>
Dollar Amounts
In Thousands
--------------------------------
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin........ $ 3,735,469
Interest-bearing balances................................. 3,791,026
Securities:
Held-to-maturity securities............................... 1,140,688
Available-for-sale securities............................. 15,232,384
Federal funds sold in domestic offices......................... 1,286,657
Securities purchased under agreements to resell................ 1,035,718
Loans and lease financing receivables:
Loans and leases held for sale............................ 869,285
Loans and leases, net of unearned income.................. 34,695,130
LESS: Allowance for loan and lease losses................. 645,382
Loans and leases, net of unearned income and allowance.... 34,049,748
Trading Assets................................................. 9,044,881
Premises and fixed assets (including capitalized leases)....... 823,722
Other real estate owned........................................ 778
Investments in unconsolidated subsidiaries and associated
companies................................................. 226,274
Customers' liability to this bank on acceptances outstanding... 249,803
Intangible assets..............................................
Goodwill.................................................. 1,852,232
Other intangible assets................................... 54,714
Other assets................................................... 4,961,572
-----------
Total assets................................................... $78,354,951
===========
LIABILITIES
Deposits:
In domestic offices....................................... $32,962,289
Noninterest-bearing....................................... 12,792,415
Interest-bearing.......................................... 20,169,874
In foreign offices, Edge and Agreement subsidiaries,
and IBFs............................................. 24,148,516
Noninterest-bearing....................................... 445,725
Interest-bearing.......................................... 23,702,791
Federal funds purchased in domestic offices.................... 959,287
Securities sold under agreements to repurchase................. 491,806
Trading liabilities............................................ 2,916,377
Other borrowed money:
(includes mortgage indebtedness and obligations under
capitalized leases)....................................... 1,691,634
Bank's liability on acceptances executed and outstanding....... 251,701
Subordinated notes and debentures.............................. 2,090,000
Other liabilities.............................................. 5,815,688
-----------
Total liabilities.............................................. $71,327,298
===========
Minority interest in consolidated subsidiaries................. 500,019
EQUITY CAPITAL
Perpetual preferred stock and related surplus.................. 0
Common Stock................................................... 1,135,284
Surplus........................................................ 1,056,724
Retained earnings.............................................. 4,218,003
Accumulated other comprehensive income......................... (117,623)
Other equity capital components................................ 0
Total equity capital........................................... 6,527,634
-----------
Total liabilities minority interest and equity capital......... $78,354,951
===========
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition is true and
correct to the best of my knowledge and belief.
Thomas J. Mastro,
Senior Vice President and Comptroller
We, the undersigned directors, attest to the correctness of this statement
of resources and liabilities. We declare that it has been examined by us, and
to the best of our knowledge and belief has been prepared in conformance with
the instructions and is true and correct.
- ------------------
Thomas A. Renyi |
Gerald L. Hassell| Directors
Alan R. Griffith |
- ------------------