Shaw to sell Global TV network, specialty channels to Corus for $2.65 billion
Posted Jan 13, 2016 6:22 am.
Last Updated Jan 13, 2016 7:10 am.
This article is more than 5 years old.
CALGARY – Shaw Communications is selling its media division to Corus Entertainment for $2.65 billion.
Shaw Media includes the Global Television network and 19 specialty channels including HGTV Canada, Food Network Canada and Showcase.
Corus already owns a number of other specialty TV channels as well as a network of radio stations and the Nelvana animation studio.
Both companies are controlled by the Shaw family through its multiple-voting shares.
