Shaw Media Optimizes Specialty Channel Portfolio
TORONTO, ONTARIO — (Marketwire) — 03/04/13 — Shaw Media today announced it has entered into a number of agreements with Corus Entertainment Inc. to strategically optimize its portfolio of specialty channels.In a series of transactions, Shaw has agreed to sell to Corus its interest in ABC Spark, Historia and Series+. Separately, Corus will sell its 20 per cent interest in Food Network Canada to Shaw. As a result of these transactions, Shaw will receive net proceeds of approximately $95 milli