Tuesday, June 30, 2009

CTV says Shaw Communications has cancelled purchase of three local TV stations


CTV says that Shaw Communications Inc. will not proceed with the purchase of three over-the-air TV stations for $1 each. CTV issued a statement Tuesday, though representatives for Shaw weren't immediately available for comment.

In April, CTV accepted an offer by Shaw CEO Jim Shaw to buy a station in Brandon, Man., and CTV's A Channel stations in Wingham and Windsor, Ont. The purchase came after CTV and other conventional broadcasters, asked the CRTC to let them charge cable companies for the right to carry their signals, something called fee for carriage.

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