A major shift in Canadian television ownership is coming that will fundamentally alter the country’s broadcasting landscape, as Calgary’s Shaw Communications (TSX:SJR.B) has struck as deal to take over the TV assets of Canwest Global. Shaw, up until now primarily a cable TV and Internet provider, said Monday it has reached a deal that will see it become the new owner of Canwest’s over-the-air TV stations and specialty cable channels in a series of transactions totalling about $2 billion. The agreement would give Shaw 11 local Global TV stations across the country, and ownership of a group of specialty channels, including Showcase, MovieTime and HGTV, some of which were acquired from Alliance Atlantis in 2007.Click on the title to read the full Toronto Star story.
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