It means when you watch Global, HGTV, Lifetime, at the end of the broadcast where they usually say "your watching Global, part of Shaw" that will likely change to "your watching Global, part of Corus"Can anyone some up what this might mean to the consumer? Confusing for me.
In other words, Corus is paying the fair market value of the future earnings of Shaw Media, based on the current subscriber and advertising revenue. The deal will be financed by "combination of new senior unsecured notes and a potential offering of subscription receipts for Corus Class B Shares."...purchase price of $2.65 billion, representing a multiple of ~7.7x FY2015 consolidated reported adjusted EBITDA.