Shaw divests Biography, G4, stakes

OTTAWA – Shaw Communications has sold its interests in digital specialty services Biography Channel and G4TechTV to Rogers Communications. The CRTC approved both transactions on Monday. Rogers Broadcasting is already the operator of both Canadian channels. Rogers paid Shaw $1 million for its 33.3% stake in G4 and now owns two-thirds of the channel along with Comcast, the parent company of the U.S. channel. Rogers paid $5 million combined for Shaw's 40% stake in Biography and A&E Television Networks' 20% ownership, to take 100% of the service. AETN owns Biography Channel, Stateside. Rogers has agreed to pay out 10% worth...