TVA sells interest in Mystery TV and The Cave to Shaw Media

Just before Christmas, the TVA Group announced plans to sell its half interest in the “Mystery TV” specialty channel and its 51% interest in “The Cave” specialty TV channel to Shaw Media.

Financial terms of the proposed transaction, which is pending CRTC approval, were not disclosed. If the licence transfer is approved by the federal regulator, the deal could be finalized in the spring of 2012.

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.