TORONTO – The Shaw Family continued their buying spree, after entities owned or controlled by them snapped up an additional 250,000 Class B non-voting shares of Corus Entertainment last week.
According to information provided to the company, the Shaw Family, and entities owned or controlled by them, holds 7,715,667 Class A voting shares and Class B non-voting shares combined of Corus.
Founded by JR Shaw, the Toronto-based media and entertainment company was built from the media assets originally owned by Shaw Communications, and spun off as a separate, publicly-traded company in 1999.
www.corusent.com
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CALGARY – Shaw has bumped up speeds on its base Internet package in what it describes as the first step in its new Internet packaging that will be announced in early summer.
The company said Wednesday that starting immediately, its Shaw Extreme package will be upgraded from 15 to 25 Mbps download, and from 1 to 2.5 Mbps upload at no extra cost to consumers.
"It’s an exciting time at Shaw as we begin to create a world-class Internet product, giving our customers the ultimate experience in connectivity and entertainment," said president Peter Bissonnette, in the announcement. "The Shaw Extreme speed…
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CALGARY- Shaw Communications announced Wednesday the Shaw Family, and entities owned or controlled by them, completed the purchase of an additional 1,000,325 class B non-voting shares of the company.
According to information provided to the company, the Shaw Family, and entities owned or controlled by them, holds 51,586,354 class A and class B shares of the company. The Shaw Family also advised the company that it would continue its practice of purchasing shares on a regular basis.
The company’s class B shares closed at $19.65 on Wednesday.
www.shaw.ca
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GATINEAU – There were some pretty big surprises as Canada’s large broadcast groups took the stand one last time during the CRTC’s group licensing proceeding in Gatineau last week.
While it should come as no shock that Bell Media maintained its position on symmetrical regulation of Canadian content spending requirements – 30% on Canadian production expenditure (CPE) and 5% programs of national interest (PNI) – Rogers Media shocked commissioners when it asked to be excluded from the group licensing regime.
For Bell, complying with the new group licensing approach is simple: all large broadcast groups should follow the same…
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MONTREAL – Not surprisingly, Quebecor-owned Videotron was the first TV service provider to trumpet the arrival of the Sun News Network, also owned by Quebecor, which launched nationally Monday afternoon.
Canada’s newest all-news channel, a re-brand of the over-the-air Sun TV in Ontario and simltaneously a digital specialty channel elsewhere, “is poised to shake up the Canadian news media landscape”, according to Videotron’s news release. With a mixture of “hard news” by day and “straight talk” by night, the network features talent such as Charles Adler, Ezra Levant, Theo Caldwell, Brian Lilley, Krista Erickson, Pat Bolland, Alex Pierson and David Akin.
“The network is…
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OTTAWA – Shaw Communications has asked the CRTC to drop the requirement that Shaw Cable and Shaw Direct be kept structurally separate.
In an application filed with the Commission, Shaw calls the 14-year old regulations “unnecessary in view of Canada’s competitive market for broadcasting distribution.” The rules were first introduced in 1997 when Shaw acquired DTH service Homestar, later christened Star Choice, and now known as Shaw Direct. At that time, they were designed to ensure that no undue preference or advantage passed between the company’s DTH service and Shaw’s cable business.
Shaw says those rules now “discriminate" against Shaw Direct,…
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CALGARY – While not entirely applying the brakes, Shaw Communications confirmed Wednesday that it is slowing down the construction of its new wireless cellphone network, despite investing $42.1 million in the initiative in this quarter alone.
That was just one of the surprises from new CEO Brad Shaw while announcing the company’s second quarter financial results. He also confirmed that approximately 550 employee positions were eliminated last month, including 150 at the management level.
But the news wasn’t all bad. Consolidated revenue for the second quarter ended February 28, 2011 was $1.20 billion, up 28.8% over the comparable period last year, which…
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CALGARY – Facing serious competitive attacks on the TV front as well as rapidly developing global wireless technologies, Shaw Communications said today it is putting the brakes on its wireless network build.
"The competitive environment has moderated revenue growth this year in our core business and presented an increased level of risk to our forecast,” said company CEO Brad Shaw in the company’s press release announcing its quarterly financial results on Wednesday morning.
"With the rapid development of wireless technology, including long-term evolution ("LTE") options, and the dynamics within the wireless industry evolving at a swift pace, we are currently…
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HAMILTON – Cable industry veteran Owen Boris died Saturday night at his home in Hamilton after suffering a heart attack. He was 79.
Boris founded Hamilton’s Mountain Cablevision in 1959 and remained principal owner of the successful cableco for half a century before selling the business to Shaw Communications in July 2009. At that time, Boris told Cartt.ca that he felt that the time was right to retire and to “pass this great history on to someone with more financial muscle.”
Fellow industry veteran JR Shaw described Boris as “truly one of a kind”.
“There’s no one else in the…
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GATINEAU – The CRTC must give broadcasters the flexibility to compete against over the top (OTT) competitors such as Netflix, Google and Hulu, Shaw Media told the CRTC during the third day of the group-based licence renewal hearing.
“The threat today from over-the-top television is alarming,” said Paul Robertson, group VP of broadcasting and president of Shaw Media. “It stems from major structural shifts in technology and rights exploitation that are permanently reshaping the global broadcast landscape.”
Emerging OTT services have maintained that they aren’t competitive with existing broadcasters, but Shaw says nothing could be further from the truth….
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