Shaw stock rises as spinoff plans unveiled

Article Abstract:

Shaw Communications Inc., a Calgary, Canada-based company, has announced plans to divide itself into two publicly traded communications companies, creating the new company Mediaco. Jim Shaw, president of Shaw Communications, said that the move is a logical next stage in the evolution of the company. Observers, however, say that the move is also intended to placate the Canadian Radio-television and Telecommunications Commission, which is worried over charges that cable operators favor their own services when transmitting new channels. Mediaco will exist apart from Shaw Communications and have its own six-person board. The new company will also shoulder around C$300-million in bank debt.

Comment:

Plans to divide itself into two publicly traded communications companies, creating the new company Mediaco

Alberta, Shaw Communications Inc., Broadcasting industry, Broadcasting, Article

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Astral revamps broadcast group

Article Abstract:

Astral Communications Inc has restructured its broadcast unit into two separate divisions. One division, to be called Astral Television Networks Ltd, will include the company's five pay and pay-per-view networks: Canal Indigo, MOVIEPIX, Super Ecran, The Movie Network and Viewer's Choice Canada. The other division, Chaines Tele-Astral Inc, will encompass Astral's two French-language specialty channels - Canal D and Canal Famille - as well as soon-to-be launched networks in which the company owns a 50% stake, Canal Fiction and Canal Histoire.

Canada, Astral Communications Inc.

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