Shaw gets CRTC’s approval to buy Canwest TV assets
Posted October 22, 2010 1:34 pm.
This article is more than 5 years old.
MONTREAL (NEWS1130) – After a lot of speculation, Shaw Communications Inc. got a nod from the CRTC to buy Canwest’s TV stations and specialty channels.
The ruling by the federal broadcast regulator marks one of the final steps in completing the $2-billion transaction.
CRTC chairman Konrad von Finckenstein says the commission is satisfied the transaction will generate “substantial benefits” for the Canadian broadcasting system. He says Shaw will provide the Canwest television properties with stable ownership as they emerge from a period of uncertainty.
With the deal, Shaw Communications will become a major player in everything from cable and satellite TV to cellphone and home phone services, TV broadcasting and Internet operations.
