CALGARY – Shaw Communications will purchase for cancellation 1.6 million of its outstanding Class B non-voting participating shares for an aggregate purchase price of $30.5 million.
The move represents approximately 0.39% of the Class B shares outstanding as at December 31, 2009. The transaction is expected to settle on January 21, 2010.
The private purchase was made under an issuer bid exemption order issued by the Ontario Securities Commission.
www.shaw.ca
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CALGARY – Despite hinting at its future wireless service, Shaw was short on details around when and how it may eventually introduce a mobile offering.
“During fiscal 2010 we also plan to take initial steps to commence wireless activities, with build out planned over the next several years", said CEO and vice chair Jim Shaw, in a press release Thursday morning that detailed the company’s first quarter results.
However, when asked about wireless during a conference call with media and industry analysts on Thursday afternoon, Shaw would only confirm that the company is focused on “fundamental issues” around the project…
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CALGARY – Shaw Communications will repurchase for cancellation 1.5M of its outstanding Class B non-voting participating shares for an aggregate purchase price of just over $30 million.
The move represents approximately 0.36% of the Class B shares outstanding as at November 30, 2009. The transaction is expected to settle on December 21, 2009.
www.shaw.ca
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CALGARY – For hometown hockey fans who can’t wait for the Olympics, Shaw will air the Mac’s AAA Midget Hockey Tournament finals on New Year’s Day.
The tournament, now in its 32nd year, will feature forty teams with players aged 15-17 from across North America, playing at arenas in Calgary. The men’s and women’s finals will be shown on Shaw and Shaw Direct as part of a two-year broadcast rights agreement.
"The Mac’s AAA Midget Hockey Tournament is a major event for the Calgary hockey community, drawing up to a hundred thousand spectators every year," said Shaw president Peter Bissonnette, in the…
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CALGARY and WINNPEG – Both Shaw and MTS have turned on their fire log channels in time for the holiday season.
Shaw’s holiday programming also includes the Shaw Christmas Tree, a 50-foot Colorado spruce decorated with more than 6,000 multi-coloured light bulbs and ornaments.
MTS has debuted a “triple blaze” fireplace this year, a virtual fireplace available on MTS TV, wireless, and Internet services.
www.shaw.cawww.mtsallstream.com
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GATINEAU – The Shaw Communications legal team and the Commission share a difference of opinion.
Qu’elle surprise, you’re thinking.
However, the one that arose Wednesday as Shaw faced the Commission during 2009-614 (the hearing forced by an Order-In-Council that will inform a report to the Heritage Ministry on establishing a value for signal regime for local broadcasters) was a different conflict than some of the others we’ve followed between Shaw and the Regulator.
In its opener on Wednesday afternoon, Shaw’s SVP regulatory, Jean Brazeau, insisted that the CRTC can not issue a policy ruling on the hearing held last month on setting…
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CALGARY – Shaw will purchase for cancellation 1.5 million its outstanding Class B non-voting participating shares.
The transaction, which is expected to settle on December 9, has an aggregate purchase price of $29.74 million.
It represents about 0.36% of the Class B shares outstanding as at November 30, 2009.
www.shaw.ca
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QUIETLY POSTED TUESDAY on the CRTC’s web site were the 2009 aggregate financial data of the large Canadian broadcasters and BDUs. And, as we all knew, the BDUs are doing pretty well. The broadcasters, not so much.
CTV EVP Paul Sparkes tried to quickly introduce some of the data during its Q&A session Tuesday during the ongoing hearing into a broadcaster compensation regime because of the dramatically different bottom line numbers for his company compared to the big carriers. However, he was interrupted by Commission chair Konrad von Finckenstein before he could spit out the admittedly huge profit before…
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GATINEAU – For those of us who have been to a few of these CRTC get-togethers, Marjorie Lemieux will likely stick in our minds for a while.
Dressed in a bright purple sweatshirt, the Rogers Cable customer was on the first consumer panel of the day (a group pulled together from submissions via the “Stop the TV Tax” campaign) for hearing 2009-614, the one called by the CRTC in response to cabinet’s call for a report on the implications of paying a fee for conventional TV.
“My name is Marjorie and I want to stop the TV tax,” she began, adding…
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GATINEAU – With a light dusting of snow outside and a grey beginning to yet another week of talking about paying for conventional television signals, you’ll hopefully forgive us for feeling just a little like this.
This is the fourth hearing inside of two years (and the second one in the past month!) whose focus is on compensating local TV broadcasters for their signals). This one, as CRTC chairman Konrad von Finckenstein pointed out right at the start, will not set policy, but instead will inform a report to be filed in the new year with Canadian Heritage Minister…
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