TORONTO – Goldman Sachs has thrown its support behind a new proposal to restructuring Canwest Global Communications and bring it out of bankruptcy protection.
A group led by Toronto-based investment fund Catalyst Capital which includes the Asper family, former Rogers Broadcasting chief Rael P. Merson and John Tory, announced today that they have submitted to the Canwest Special Committee a restructuring proposal to facilitate the company’s emergence from the CCAA process.
The proposal requires no material amendments to the original court filed plan and would maximize the value of the Canwest estate while expediting its exit from the CCAA process as…
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OTTAWA – Comments filed on the CRTC’s reconsideration of speed matching strike a familiar refrain: Would-be competitors say Canadians will suffer if the CRTC doesn’t mandate speed matching and access to higher-speed local access facilities for them, while incumbent telcos tell the Commission that doing so will threaten future network investments.
Telcos were already required under CRTC regulations to provide speed matching (also referred to as service parity) to competitors over both legacy copper facilities as well as their faster fibre, or next-generation networks (NGNs). But the implementation of the rule was put on hold following appeals to the…
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CALGARY – Shaw Communications will be the first provider in Canada to trial Gigabit Internet, which it says is capable of speeds of up to 1000 Mbps.
More than 10 times faster than Shaw’s fastest current Internet package, the new service will be delivered over fibre-to-the-home (FTTH) to support emerging Internet applications that require faster download speeds.
"This is game-changing technology," said president Peter Bissonnette, in the announcement. "We are on the leading edge of change with this trial – bringing blazing speeds and new network capabilities that will give us a springboard for future possibilities. It’s really exciting to think…
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CALGARY – Shaw Communications announced this morning that it intends to purchase control of CanWest Global Communications.
The Calgary-based cable company has entered into agreements with Canwest and certain 8% senior subordinated noteholders to acquire a minimum 20% equity interest and 80% voting interest in the broadcaster, which includes effective control of a restructured Canwest. Shaw’s initial equity interest will exceed 20% depending on the number of Canwest creditors that elect cash rather than shares in restructured Canwest, says the press release.
Full financial terms were not disclosed.
"We are excited about the Investment and gaining effective control of one of the…
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CALGARY – Shaw is continuing to tweak its cable channel lineup in advance of the Olympics.
Effective immediately, Shaw Cable has moved TSN down from channel 30 to 23, making the network available to customers as part of their basic programming package.
The channel change is effective in Greater Vancouver, Whistler, Squamish and Bowen Island.
www.shaw.ca
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MONTREAL – Perhaps due in part to some public pressure, Cogeco Cable has signed on to offer the video-on-demand coverage of the Olympics offered by the Games’ Broadcast Media Consortium.
Cogeco joins Rogers Cable, Shaw Cable, EastLink and its subsidiary Delta Cable and Source Cable in offering the 700 hours of VOD content free of charge beginning February 13 with the Opening Ceremony.
All coverage will be available within 24 hours after its original airing to Cogeco’s digital cable customers in Québec and Ontario that have access to VOD on channel 600.
A Cogeco spokesperson wrote in an email to Cartt.ca that…
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CALGARY – Shaw is making it easier for its Francophone customers to watch the Olympics.
Beginning this Friday, Shaw Cable customers in the Vancouver area will be able to watch French coverage of the Olympics on the V network on channel 40, which will temporarily take the place normally held by Bravo.
Bravo will move to digital channel 56 on February 12, and then back to its usual spot on March 1, 2010. This change is effective for the Vancouver area, including Whistler and Squamish.
The V network will provide Francophone viewers with CTV’s coverage of the Vancouver 2010 Olympic Winter Games. Shaw is…
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DENVER, CO – J.R. Shaw, executive chair of Shaw Communications, has been named as one of six honourees to be inducted in to the Cable Hall of Fame Class of 2010.
The other new inductees are: – Yolanda Barco, former Vice President and Executive Officer, Meadville Master Antenna Inc. (deceased); – Allen Ecker, Executive Vice President of Scientific Atlanta, now retired;– Terence F. McGuirk, Chairman and CEO, Atlanta Braves;– Marc B. Nathanson, Chairman, Mapleton Investments; and– Abbe Raven, President and CEO, A&E Television Networks.
The honorees were chosen based on their dedication to and impact on the…
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MONTREAL – Shaw Direct has added the V network in high definition to its lineup of French programming.
All V channels in standard and high definition will be offered on free preview throughout February, offering customers more French coverage of the Vancouver 2010 Winter Olympic Games which begin on February 12.
www.shawdirect.ca
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TORONTO – Cable viewers can watch many of their favourite Olympic moments over and over again, on demand thanks to a video on demand agreement signed with four cable operators.
More than 700 hours of video on demand coverage in English and French of the 2010 Winter Games will be available via Rogers Cable, Shaw Cable, EastLink and its subsidiary Delta Cable and Source Cable, free of charge. This represents more than triple the amount of on demand coverage of Turin 2006 (221 hours).
(Ed note: As a Cogeco Cable customer and Olympics fan, we here at Cartt.ca are very hopeful…
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