CTV reported today that Canwest Global Communications has struck a deal that will see Global TV and a handful of lucrative specialty channels move under the control of Western Canadian cable giant Shaw Communications.
Calgary-based Shaw, owner of Shaw Cable and the Shaw Direct satellite TV service, said today it has arranged to buy control of the broadcasting assets of a restructured Canwest Global Communications Corp. It has also agreed to help Canwest pay back creditors as it restructures to deal with a mountain of debt.
Shaw Communications Corp. will own at least 20 per cent of Canwest's equity and 80 per cent of its voting stock after the deal. Canwest will remain a standalone company with its own board of directors and its own management team.
Canwest is Canada's leading international media company. Representing a portfolio of world-class brands, the Company creates and distributes some... [more]
Shaw has experienced rapid and successful growth within the cable, satellite and telecommunications industries over the last several decades. With... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
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