Cable & Telecom

Shaw clan buys as cable share prices fall

CALGARY – The Shaw family purchased a million shares of their own company this week, which would have cost them about $19.5 million. A month ago, it would have cost them about $25 million, but the stock price – along with many on the TSX, has drifted downwards in the past 30 days. Rogers Communications has dropped from $45 to $38 over the same time frame and Cogeco Cable has tumbled from $48 to the $39 range as well. The Shaw family now holds 47,669,356 Class A and Class B shares of their company.