The Canadian Media landscape has changed, yet again.
On October 22, the CRTC gave Shaw approval for Shaw to take over controlling interest in the now defunct Canwest Global brand. The deal, said to be worth over $2-Billion Canadian, will see Shaw taking over interest of Canwest’s conventional tv channels and 19 speciality. Global Television, Food Network, TVtropolis and HGTV Canada will all now be under the control of the newly named “Shaw Media”.
This deal had been in the works for over a year but just got approval for the go ahead. No word on what changes could come to these networks but it could bring more money into the networks that would give a boost to home-grown productions. Or more money would be available to buy American shows for broadcast north of the border.
This isn’t the first time a large purchase like this has happened in Canada. A couple of months ago Bell Canada put the plans in motion to purchase CTV 100% including it’s Broadcast and Online properties. The deal is going under CRTC approval but it should be a done deal in 2011.