Shaw Communications' Completes Sale of Shaw Media to Corus Entertainment for $2.65 Billion

Goodmans LLP represented The Special Committee of the Board of Directors of Shaw Communications Inc. in connection with the sale by Shaw Communications Inc. (Shaw) of 100% of its wholly-owned broadcasting subsidiary, Shaw Media Inc. (Shaw Media) to Corus Entertainment Inc. for $2.65 billion. Shaw Media is the owner of the Global Television Network and 19 specialty channels including HGTV Canada, Food Network Canada and Showcase. This transaction firmly positions Shaw as a leading pure-play connectivity provider with an attractive growth profile.