Canadian specialty TV stations earn record profits

The Canadian Radio-television and Telecommunications Commission (CRTC) today released statistical and financial summaries for the Canadian specialty, pay, pay-per-view television and video-on-demand (VOD) services industry in 2009.

Despite lousy economic conditions last year, the federal broadcast regulator reported that total revenues for this part of the Canadian television industry still managed to grow a very healthy 6% to $3.1 billion while profits climbed to a record $728.7 million in 2008.

Canwest launches MovieTime in HD

Canwest announced today that it will launch a high definition version of its English language specialty movie channel Movietime on Friday, March 12th.

At launch, MovieTime HD will only be available on Rogers digital cable in Ontario but the company hopes to launch with other cable and satellite television providers later in the spring.

Shaw gets court approval for Canwest takeover

Last Friday, the Superior Court of Ontario approved a bid by Shaw Communications take control of the broadcasting assets of Canwest Global Communications Corp.

Shaw had bid $95 million to acquire a 20% equity interest and 80% voting interest of CanWest’s broadcasting assets which include the Global Television Network and eighteen specialty cable channels including, HGTV, Mystery TV, National Geographic Channel, Showcase, History and TVTropolis.

Competing bid for Canwest emerges

A second bid for the broadcast division of a restructured Canwest Gobal Communications has emerged today. The bid comes one week after Shaw Communications made a $65 million dollar for 20 per cent of the company and 80 per cent of the voting shares.

The second bid comes from a group led by Toronto based equity fund group Catalyst Capital who are said to be offering offered C$120 million for 32% equity interest and voting control in a restructured Canwest.

Shaw seeking to buy control of CanWest

The concentration of media ownership in Canada is getting a little stronger today after Shaw Communications announced this morning that it seeking to acquire a minimum 20% equity interest and 80% voting interest, which includes effective control, of a restructured Canwest Gobal Communications.

The deal is contingent upon approval of the Court in Ontario overseeing Canwest’s CCAA restructuring process.

Rogers adds History TV HD and MovieTime to its lineup

Canwest Broadcasting announced today that History Television HD and MovieTime in standard definition are now available on Rogers Digital Cable.

MovieTime SD is available on channel 86 while History Television HD airs on channel 561.

CRTC approves sale of Chek-TV in Victoria

In a broadcasting decision handed down today, the CRTC has approved the sale of CanWest’s money losing CHEK-TV for $2.

CHEK-TV (channel 6) is a television station based in Victoria, British Columbia which broadcasts to all of southwestern BC (including Vancouver).

Do it yourself channel launches in Canada

The DIY network, a new Canadian digital specialty channel offering home improvement tips and shows for Do-it-yourselfers, was launched today by Canwest.

Established in the United States in 1999, DIY Network reaches 50 million households in the U.S. and is expected to reach about 2 million Canadian households.

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