Cable / Telecom News

Small cable company fetches a good price

CALGARY – Buried in the Shaw Communications first quarter results last week was the price the company paid for tiny Lake Broadcasting, a 1,000-subscriber cable system which served Sorrento, B.C.Shaw paid $3.5 million ($3,500 per subscriber) for the system situated about 75 kms east of Kamloops which was owned by Leigh Hillier.- Greg O’Brien