Canada’s Corus Entertainment To Acquire Shaw Media

From the Hollywood Reporter and other sources: Canadian-based Corus Entertainment is acquiring Shaw Media,  part of Shaw Communications, for more than $2 and a half billion.  The total amount is part cash, part stock. The resulting conglomerate will dominate Canadian media as well as become a global player. The Canadian Radio-Telecommunications Commmission (CRTC), meanwhile, has okayed major changes on the nation’s cable scene. Unbundling of cable (referred to as “pick and pay”) begins in two months. The CRTC must give its approval to Corus’ purchase of Shaw.

More on the Corus-Shaw deal here from the Globe and Mail.