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.

Torstar acquires interest in Blue Ant Media

Torstar, best known as the publishers of the Toronto Star, announced that it has acquired a 25 per cent stake in Blue Ant Media Inc., a privately held television broadcaster led by TV industry veteran Michael MacMillan.

Popular Indian News Channel coming to Canada

Ethnic Channels Group, a multi-ethnic provider of over non-English language digital TV channels, says it will begin offering “Aaj Tak” in Canada next month on Rogers Cable and Bell TV.

Swords: Life on the Line returns to Discovery HD

Swords: Life on the Line returns for a second season on Discovery World HD this Wednesday February 16 at 8 p.m. ET.

The ten part documentary unveils the life of New England’s long line fishermen who potentially risk their lives battling violent storms around the Grand Banks of Newfoundland and off the Georges Bank of the Gulf of Mexico while attempting to catch Swordfish that can weigh more than 450 kilograms.

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.