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)

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Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.