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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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