TV

Shaw Media buys out stakes in two specialty nets

The Canadian media company has acquired from Quebec broadcaster TVA Group a half-interest in the Mystery TV specialty channel and a controlling interest in lifestyle and entertainment speciality net The Cave.
December 23, 2011

Shaw Media has acquired from Quebec broadcaster TVA Group a 50% stake in the Mystery TV specialty channel and a 51% controlling interest in The Cave niche specialty net that it does not already own.

Terms of the deals were not disclosed, but requests for a transfer of licenses for both channels were submitted to the CRTC last week.

Mystery TV airs suspense and crime dramas, while The Cave offers lifestyle and entertainment programming.

Pending regulatory approval of the ownership transfers, TVA Group, a subsidiary of Quebecor Media, expects the proposed transactions to be finalized in spring 2012.

(From Playback Daily)

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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