Advertisement
News
Advertisement

Shaw buys Goldman's stake in Canwest

Mon, 05/03/2010 - 8:10am
The Associated Press

WINNIPEG, Manitoba (AP) – Canadian cable and satellite provider Shaw Communications is paying $700 million to buy the 65 percent stake of Canada's second-largest private television network that's owned by Goldman Sachs.

Canwest Global Communications has been restructuring its broadcasting and publishing business under protection from creditors since October.

The deal between Calgary, Alberta-based Shaw and the New York investment bank clears the way for Shaw to buy all of the television division of a restructured Canwest.

Shaw has said it wants only Canwest's television and specialty cable TV properties.

Canwest's newspaper and publishing assets also are up for sale. The owner of the Toronto Star, Torstar, said it has bid for those assets.

More Broadband Direct 5/03/10:
•  Cox Business enables free Wi-Fi hotspots in R.I.
•  Dish Network picks Widevine to aid TV Everywhere launch
•  Clearwire beaming WiMAX in central Pa.
•  Arris, Clearleap team up on VOD advertising
•  German MSO offers 100M service
•  Comcast kicks in 3 more HD channels in northern Calif.
•  Concurrent enhances 3-screen capabilities
•  Motorola demos new, possibly better LTE version
•  SCTE, NCTA, CableLabs combo on tech program
•  Ensequence survey: Interactive apps gaining traction with viewers
•  JDSU closes Agilent LTE testing purchase
•  SCTE announces 2010 board candidates
•  Shaw buys Goldman's stake in Canwest
•  Apple sells 1M iPads, outdoing first iPhone
•  Apple shutting Lala; `Cloud' music on horizon?

 

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading