CALGARY – The sale of Shaw Media to Corus Entertainment will enable parent Shaw Communications to double down on being a pure-play connectivity provider, the Calgary-based communications giant said Friday.
"For the shareholders and customers of Shaw, this is a significant milestone that positions Shaw as a leading pure-play connectivity company with an attractive growth profile, while allowing Shaw to participate in the upside potential resulting from the combination of Shaw Media and Corus," said Shaw CEO Brad Shaw, in a company news release. "Shaw will focus on delivering superior broadband communications to our consumer and business customers by investing…
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TORONTO – After completing its $2.65 billion acquisition of Shaw Media, Corus Entertainment unveiled a new corporate brand and executive leadership team on Friday.
President and CEO Doug Murphy described the redesigned Corus logo as “a powerful visual cue that the new Corus has arrived”. “This is a landmark day for us,” he said in the company's news release. “As a combined company, we are creating an integrated media and content powerhouse that gives us the competitive scale to grow both domestically and globally. With our strong media brands, compelling content and talented team, this transformational acquisition marks a new…
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Commissioner Shoan wanted a hearing
GATINEAU – After the close of trading Wednesday, the CRTC announced it has approved the $2.65 billion purchase of Shaw Media by Corus Entertainment.
In legal/regulatory speak, the Commission approved “an application by Shaw Communications on behalf of Shaw Media and its licensed subsidiaries, to effect a corporate reorganization resulting in the transfer of Shaw Communication Inc.’s shares in Shaw Media Inc. to Corus Entertainment Inc.”
Essentially, the Commission continued to treat Corus and Shaw as it always has since Corus was created in 1999 as a place to house media assets controlled by the Shaw family….
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CALGARY – Shaw Communications announced a number of changes to its senior leadership team late Wednesday.
Effective immediately, the following executive team will report directly to CEO Brad Shaw, providing advice on all facets of Shaw's operations and strategic direction:
– Jay Mehr, President, Shaw Communications Inc., has been with Shaw for almost 20 years, holding ascending roles that have ranged from regional accountabilities to his most recent role as EVP & Chief Operating Officer. As president, Mehr will be responsible for overseeing operational and customer-facing areas of the business, including Shaw Consumer, Shaw Business, WIND, and Supply Chain.
– Vito Culmone,…
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TORONTO – Corus Entertainment’s shareholders have voted overwhelmingly in favour of the proposed $2.65 billion acquisition of Shaw Media Inc.
A total of 3,259,268 Class A shares and 61,769,406 Class B shares, representing 95.14% of the issued and outstanding Class A Shares and 73.10% of the issued and outstanding Class B Shares, respectively, were represented in person or by proxy at a special meeting of shareholders in Toronto on Wednesday
All of the Class A shares voted in favour of the deal, as did 78.52% of the Class B shares. Class B votes against the deal totaled 21.48%.
"Corus' shareholders have…
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TORONTO – Canada Pension Plan Investment Board (CPPIB) will support Corus Entertainment’s bid to buy Shaw Media for $2.65 billion.
According to a report in the Wall Street Journal (subscription required), CPPIB’s support represents a potential blow to efforts by Catalyst Capital Group Inc. to block the deal, noting the pension fund’s influential voice in Canadian markets given its size and the emphasis it places on good corporate governance.
CPPIB didn’t provide a reason for its decision and a spokesperson declined to elaborate, continues the report.
CPPIB owned 610,000 Corus Class B shares as of March 31, 2015, according to the…
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TORONTO – Corus Entertainment shareholder The Catalyst Capital Group is calling for full disclosure from the Shaw family into the process behind the proposed sale of Shaw Media to Corus.
In an open letter posted Friday, Catalyst questioned whether the minority shareholders of both Shaw and Corus were protected, and if so, wants the company to prove it.
“As the deal is a related party transaction, minority shareholders in both Corus and Shaw are entitled to know the asset was sold via a fair, competitive process – not a closed process in which Corus was forced to bid against itself”, reads…
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TORONTO – The pitched PR battle between Corus Entertainment and shareholder The Catalyst Capital Group shows no signs of abating any time soon.
The latest salvo came late Thursday, when independent proxy advisory research firm Institutional Shareholder Services (ISS) reconfirmed its previous recommendation that Corus shareholders vote in favour of its proposed acquisition of Shaw Media.
In its updated analysis, ISS said that it has conducted a thorough review of the dissident’s (i.e. Catalyst) concerns, and reaffirmed its support for the strategic rationale of the acquisition.
“Even the dissident does not appear to have questioned the long-term strategic merits of the transaction”, reads…
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CALGARY – Shaw Communications and Calgary Transit have announced six new locations for the public Wi-Fi servicing CTrain stations within that city’s downtown corridor.
The new locations include 3 Street, 4 Street, 6 Street, 7 Street, 8 Street, and Downtown West-Kerby.
Since the launch of public Wi-Fi in 2014, hundreds of thousands of residents and visitors to Calgary have enjoyed public Wi-Fi at City facilities. The most popular location, based on guest connections, is the City Hall CTrain Station, with over 36,000 users connecting to the ShawGuest hotspot per month.
"Calgarians love Wi-Fi and are using their personal devices to connect…
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CALGARY – Bell Media’s television streaming service CraveTV is now available to Shaw Cable and Shaw Direct customers for $6 a month.
Shaw customers may access CraveTV through Shaw's FreeRange TV app or by downloading the CraveTV app, both available from the Apple App Store or the Google Play Store. The service is also available on platforms including Apple TV, Chromecast, Microsoft Windows 8.1, through select Samsung Smart TVs and Blu-ray players, as well as online at CraveTV.ca.
"By bringing CraveTV together with shomi and live television on-the-go, we have made FreeRange TV the most compelling television viewing app available to…
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