CAMPBELL RIVER, B.C. – Tiny cable co-operative Campbell River Television has been in Shaw’s sights before.
However, this time CRTV looks like it could be an acquisition target and not that of Shaw’s lawyers.
A press release last week said that CRTV’s board of directors reviewed an “expression of interest” to purchase CRTV from Shaw. The offer was received on September 24th and was open for CRTV’s consideration until the 2 October 2007.
The Board of Directors of CRTV have reviewed the offer and have responded to Shaw thanking them for making the offer.
Calls to Shaw by Cartt.ca have not yet been returned.
CRTV serves about 13,000 subscribers in the town of Campbell River and offers the lowest basic cable rates we’ve heard of at around $16 a month for 50+ channels (although, the co-op’s board will bring a motion to raise rates in order to upgrade its technology at its upcoming AGM).
The company put itself in the crosshairs of the large MSO on several occasions for reasons Shaw found crossed certain business boundaries. Follow these links to those stories covered by Cartt.ca.
“CRTV members should be fully aware that the Board of Directors of CRTV do not have the authority to sell CRTV…. As per CRTV’s bylaws the decision to sell CRTV resides with the members. The Board is looking to the membership for their input at the forthcoming Annual General Meeting that is scheduled for the 19 November 2007 at the Maritime Heritage Center at 8:00 pm, at which time, CRTV’s future Strategic Business options will be discussed,” adds the press release.
