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
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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