Cable / Telecom News

Shaw family buys up more shares in Shaw Communications

CALGARY – JR Shaw has bought more shares in the company that he founded. Shaw Communications said in a statement that Shaw purchased an additional 50,000 Class B non-voting participating shares on the Toronto Stock Exchange for investment purposes at an average price of $19.15 per share, bringing his total purchase of Class B shares since mid-April to 300,000 shares. After this purchase, Shaw, together with certain family members and corporations in which he has an interest, now own or control 17,782,600 Class A participating shares and 34,649,034 Class B shares of the company. www.shaw.ca