Shaw walks away from $3 TV station deal

TORONTO - CTV issued a terse press release this afternoon to announce that Shaw Communications will not purchase the broadcaster’s stations in Brandon, Man., Wingham and Windsor, Ont. after all. In a newspaper ad on April 30, Shaw offered to buy the three stations from CTV after hearing the broadcaster tell the CRTC and the Standing Committee on Canadian Heritage that they couldn’t find anyone to buy the, not even for a buck. Shaw called CTV on it, saying it would take the stations off their hands for a loonie each. CTV then called what has now proved to be Shaw’s...