CALGARY – The rumour mill had been spinning wildly over the past couple of days in Hamilton about the impending sale of Mountain Cablevision, but the buyer, announced this morning to be Shaw Communications, is a bit of a surprise.
Based in Hamilton, Ontario Mountain has approximately 41,000 cable customers and has been very successful adding services, too, with 28,000 Internet subscribers and 27,000 telephone customers.
The purchase price was not announced, but a cable company in the lucrative southern Ontario market with this many revenue generating units, expect the price to be north of about $300 million, sources have told…
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TORONTO – In a note to clients, BMO Nesbitt Burns media and cable analyst Tim Casey notes the Shaw Communications purchase price of Mountain Cablevision may be as high as $300 million (a whopping $7,300 per sub).
While saying the impact of the purchase is “slightly negative” for Shaw, Casey notes that industry contacts “have speculated a price in the $300mm range, implying roughly 12x EBITDA,” he wrote.
“The transaction is a surprise given Shaw’s Ontario assets are in Sault Ste. Marie, Kenora and Thunder Bay. We expect operating synergies will be limited.
“Given Shaw’s industry-leading track record regarding capital allocation, we…
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CALGARY – This week, Shaw Communications removed four channels, BBC Kids, Court TV Canada, Discovery Kids and TV Land Canada from the channel lineups on Shaw Digital Cable and satellite service Shaw Direct (formerly Star Choice).
CTVglobemedia owns TV Land Canada and Court TV and while TV Land was carried only by Shaw Direct, Court TV was carried on cable and satellite.
Canwest-owned BBC Kids was carried by cable and satellite, too, and Corus Entertainment’s Discovery Kids was just available on Shaw Direct.
All three programmers confirmed that the channels have either already been removed, or are about to be. Each are…
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TORONTO – CTV has sold CKX-TV Brandon to Canadian investment firm Bluepoint Investment Corporation for one dollar.
Bluepoint assumes all of CKX-TV’s broadcast assets, liabilities and commitments with the purchase, including the station’s 39 employees, the announcement read.
"This is good news for the employees that work at CKX-TV Brandon and the surrounding communities who depend everyday on the local programming that the station provides," said Paul Sparkes, CTVglobemedia’s EVP of corporate affairs, in the announcement. "Being an independent operator, Bluepoint will be able to access the Small Market Local Programming Fund. This is something that neither CTV nor Canwest have…
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CALGARY – Shaw Direct customers now have local and international weather at their fingertips thanks to Shaw Direct Weather, a new interactive service that launched Wednesday.
Customers with advanced Shaw Direct receivers can tune in to the new service for customizable, 5-day weather forecasts from more than 1,500 Canadian communities, U.S. cities, and select international destinations in both English and French via two dedicated channels.
The new channels will be rolled out on a free preview basis to all customers with receivers that have on-screen picture-in-guide capability through July 22, 2009.
"Our customers demand the best in flexible and affordable viewing experiences and…
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ABOUT A WEEK before the next Commission’s September 29th inquiry into the state of the broadcast industry, whomever the regulator dares send to the Canadian Cable Systems Alliance annual gathering will be sure to get an earful.
The members of the CCSA are Canada’s smaller, but fiercely independent, cable operators and when they meet on September 20-22 for Connect 2009 at the White Oaks Resort in Niagara-On-The-Lake, Ont., you can bet any thought of paying a fee for carriage to conventional broadcasters won’t be warmly received, to say the least.
The group has worked hard to earn a small systems exemption…
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GATINEAU – In back-to-back presentations this morning, the CRTC heard from two of Canada’s largest ISPs, Telus and Cogeco Cable, one of which uses no Internet traffic management techniques (yet) and one which uses them all the time.
Each want the same thing, however: to be left alone to manage their networks how they see fit.
Telus, the big western-based telco, uses no traffic management technology right now on either its retail consumers or wholesale business clients, said senior vice-president of regulatory and government affairs Michael Hennessy. But it wants the freedom to be able to deploy them, if needed, in…
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CALGARY – Shaw Communications says the CRTC has “betrayed Canadians’ trust” with Monday’s announcement of two new taxes on TV consumers.
"It is difficult to believe the CRTC is mandating these tax transfers – money from the pockets of ten million Canadians to three Canadian broadcasters", said president Peter Bissonnette in a statement released Wednesday.
Like its cable brethren Rogers, Shaw has vowed to fight the new fees “aggressively”, noting that broadcasters have not commited to spending more on local programming with the additional funds.
"Our customers are already heavily subsidizing the broadcasters with a CRTC ordered tax of…
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TORONTO – The Radio Television News Directors’ foundation has awarded over $12,000 in scholarships to five broadcast journalism students across Canada.
More than 40 applications were received from across the country as students submitted samples of their work in one of five categories.
The 2009 scholarship recipients are:
– Stefanie Masotti of Fanshawe College in London, ON who won two scholarships – the $2,000 Marketwire scholarship for the top first year student, and the $2,500 RTNDA George Clark scholarship for the overall winning entry;
– Russ Courtney, also of Fanshawe College, won the $2,000 BNN/Jim O’Connell scholarship for a student interested…
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MONTREAL – Bell Canada finished off a pair of acquisitions today that will boost both its wireless subscribers as well as its branding and distribution capabilities.
First off, the company has completed its previously announced $135 million purchase of Canadian electronics retailer The Source. Now operating independently as The Source and as La Source in Québec, the company is already selling Bell TV, and will offer Bell and Virgin Mobile wireless products exclusively in January 2010. The stores used to sell Shaw Direct (formerly Star Choice) gear, but no more.
The Source had been owned by the bankrupt…
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