Goodbye Canwest, Hello Shaw Media

After receiving final approval from the CRTC last Friday, Shaw Communications today will complete the purchase of the bankrupt Canwest Global television properties.

Canwest entered creditor bankruptcy protection in late 2009, leading to the sale of the company’s assets to Shaw in a deal announced this past May.

Competition Bureau clears Shaw’s acquisition of Canwest

The Competition Bureau of Canada announced today that it will not challenge Shaw Communications Inc.’s proposed acquisition of the over-the-air and specialty television businesses of Canwest Global Communications Corp.

The federal agency said that following a significant review, it had concluded the takeover would not reduce competition in the television industry in this country.