Shaw suspends TV fund payments

CALGARY – Saying he wants an accounting of exactly how the Canadian Television Fund money is spent and where the value is, Shaw Communications CEO Jim Shaw says until he gets that and is satisfied, his company will no longer pay into the CTF. That's potentially a huge blow for the fund, since Shaw – also the owner of DTH company Star Choice – is the largest BDU contributor, paying approximately $60 million into the fund last year. (However, the CRTC's BDU regulations say all TV distributors must pay a percentage of revenues into the fund, which is doled out...