Thursday, March 24, 2016

CRTC approves acquisition of Shaw Media by Corus Entertainment

The Canadian Radio-television and Telecommunications Commission (CRTC) has approved the sale of Shaw Media to Corus Entertainment.
The deal, worth $2.65 billion will see Corus, which is Talk Radio AM640’s parent company, acquire the Global Television network and 19 specialty channels, including HGTV Canada, Food Network Canada and Showcase from Shaw Communications Ltd.
Corus Entertainment now says that now the third and final step in the deals approval process is complete, it plans to finalize the acquisition by April 1st. The deal was first announced in January of this year.

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