Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Shaw Communications is buying two specialty TV channels from TVA Group. (Jeff McIntosh/THE CANADIAN PRESS)
Shaw Communications is buying two specialty TV channels from TVA Group. (Jeff McIntosh/THE CANADIAN PRESS)

TVA sells two channels to Shaw Media Add to ...

The TVA Group announced Thursday it is selling its half-interest in the Mystery TV specialty channel and 51-per-cent interest in The Cave specialty channel to Shaw Media, which includes the former Canwest television business.

Financial terms of the transaction with the media division of Shaw Communications (TSX:SJR.B) were not disclosed.

More related to this story

A licence transfer request, which is subject to approval by the Canadian Radio-television and Telecommunications Commission, was submitted earlier this week, TVA said in a release.

Pending CRTC approval, the proposed transaction could be finalized in the spring of 2012.

TVA Group, a subsidiary of Quebecor Media Inc. , is an integrated communications company.

It creates, broadcasts and distributes audiovisual products, publishes several magazines and is North America's leading French-language magazine publisher and broadcaster of entertainment, news and public affairs TV programming.

Follow us on Twitter: @GlobeInvestor

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories