Shaw can acquire 100% stake in Mystery, The Cave

OTTAWA – Shaw Communications has received CRTC approval to buy out the half of specialty channels Mystery and The Cave that it doesn't already own. Both English-language category A channels are currently jointly controlled by Shaw Communications and Quebecor’s TVA Group. In its decision, the Commission valued Mystery at approximately $36 million and The Cave (formerly known as Men TV) at just over $4 million. The Commission also approved Shaw’s request to spread out the payment of its tangible benefits associated with the transactions over the next seven broadcast years, and to renew the channels’ broadcasting licences through August 31, 2016. www.crtc.gc.ca