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In 1974, a group led by Israel Asper bought the assets of Pembina, North Dakota television station KCND-TV from broadcaster Gordon McLendon, moving the station to Winnipeg as independent station CKND-TV. Asper, through his company, Canwest, eventually bought out his partners in the Winnipeg station.
Canwest bought controlling interest in 1985, thus becoming the first western-based owner of a major Canadian broadcaster.
In 1991, Canwest issued a successful initial public offering on the Toronto Stock Exchange.
In June 1996, Canwest was listed on the New York Stock Exchange.
Eventually, his station group became known as the "Canwest Global System." In 1997, Canwest bought controlling interest in CKMI-TV, the privately owned CBC affiliate in Quebec City.
In 1999, seeking to change this, the company announced a deal to buy out the Canadian partners of NetStar Communications, owner of TSN, but was stymied by United States partner ESPN, which had veto power over such a sale.
The new division was named Shaw Media, reviving a name previously used for a separate set of media properties owned by Shaw prior to 1999, when the latter group was spun off as Corus Entertainment.
Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black, in order to pursue a media convergence strategy. It eventually bought that company's broadcasting assets in 2000.
As early as 2002, most of Canwest's operating income was going to pay interest on its high-interest rate debt.
In October 2005, CanWest's Canadian newspapers were sold into an IPO trust.
By 2007, the company's bonds were downgraded to junk status.
The company was already one of the largest owners of Canadian local TV stations, when Canwest and Goldman Sachs in 2007 announced they would jointly acquire Canadian producer and broadcaster Alliance Atlantis Communications and its large stable of wide-distribution specialty channels.
CanWest bought back the 25.8% Newspaper Trust IPO (and debt) in November 2008, for cash considerations of $495 million.
On August 31, 2009, Canwest shut down its secondary system E! (the former CH). Three of the former E! owned-and-operated stations – CHCH Hamilton, CHEK Victoria, and CJNT Montreal – were sold to third parties, while a fourth, CHBC Kelowna, was converted to a Global station.
On February 25, 2010, it was announced that Shaw Communications had won a court battle to continue their plans to purchase assets & voting shares from Canwest.
On May 12, 2011, Shaw Media sold BBC Kids to the government of British Columbia via the provincial public broadcaster Knowledge Network.
On September 2, 2014, Paul W. Robertson, the president of Shaw Media since its creation, died from cancer at age 59.
On January 13, 2016, Corus Entertainment announced that it would acquire Shaw Media for $2.65 billion, and would not be re-branded into a new company.
The deal was approved by the CRTC on March 23, 2016.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| TEN Network Holding Inc | 1998 | $86.2M | 1,000 | - |
| The Joblin Globe | 1896 | $750,000 | 249 | - |
| The Salt Lake Tribune | 1871 | $14.0M | 100 | 3 |
| The Paducah Sun | 1896 | $240.0M | 999 | - |
| The Daily Item | 1936 | $6.4M | 82 | - |
| TylerPaper | 1877 | $7.2M | 125 | - |
| The Frederick News-Post | 1883 | $20.0M | 139 | - |
| The News & Record | 1911 | $69.0M | 375 | - |
| The Oakland Press | 1972 | $3.3M | 134 | - |
| Erie Times-News | 1888 | $1.4M | 50 | - |
Zippia gives an in-depth look into the details of Shaw Media, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Shaw Media. The employee data is based on information from people who have self-reported their past or current employments at Shaw Media. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Shaw Media. The data presented on this page does not represent the view of Shaw Media and its employees or that of Zippia.
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