WIC on verge of deal to divide assets

Article Abstract:

A deal to split up the assets of Vancouver, British Columbia-based WIC Western International Communications Ltd. could reach the Canadian Radio-television and Telecommunications Commission for approval in August 1998, said Jim Shaw, president of Shaw Communications Inc., WIC's majority owner. The negotiations, which Shaw said have been encouraging, have included more broadcast companies than just Shaw Communications and WIC minority shareholder CanWest Global Communications Corp., said Shaw. That could mean that Baton Broadcasting Inc. is also negotiating to have a piece of WIC. Baton has first right of refusal to purchase WIC's Vancouver flagship BCTV and has announced its intention to buy WIC's CFC in Montreal, Quebec.

Comment:

Is negotiating with Shaw Communications & another broadcast co to divide the assets of WIC Wester Intnl Commun

Asset sales & divestitures, Acquisitions & mergers, Computer Services, Computer Systems Design and Related Services, Cable Television Systems, Cable Networks, British Columbia, Information technology services, Cable television broadcasting industry, Cable television, Shaw Communications Inc., CanWest Global Communications Corp., WIC Western International Communications Ltd.

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Four specialty channels lose bid for fall launch

Article Abstract:

Chum Ltd.'s three licensed specialty TV channels, which include the Canadian Learning Television, MuchMoreMusic and Star TV, and Canadian Satellite Communications Inc. and The Globe & Mail's Report on Business Television channel, have failed to force cable firms to find space for them in fall of 1998. The Canadian Radio-television and Telecommunications Commission instead upheld cable operators' contention that the launch of the channels in fall of 198 would alter composition and pricing structure of cable services offered. CRTC, however, ordered cable companies to find space for the specialty TV channels by Sept. 1, 1999.

Comment:

Licensed specialty TV channel Report on Business Television fails to get fall 1998 launch

Services information, Canadian Satellite Communications Inc., Chum Ltd.

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