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TVA Group Sells its Interests in the Specialty Channels Mystery TV and The Cave to Shaw Media(December 22, 2011)
MONTREAL, QUEBEC -- (Marketwire) -- 12/22/11 -- The TVA Group (TSX:TVA.B) has announced an agreement through which the TVA Group will sell its 50% interest in the "Mystery TV" specialty channel and its 51% interest in "The Cave" specialty channel to Shaw Media.
A licence transfer request - which is subject to approval from the Canadian Radio-television and Telecommunications Commission (CRTC) - was submitted earlier last week. Pending CRTC approval, the proposed transaction could be finalized in the spring of 2012.
About TVA Group
A subsidiary of Quebecor Media Inc., TVA Group Inc. is an integrated communications company that creates, produces, broadcasts and distributes audiovisual products, and also publishes several magazines. TVA Group Inc. is North America's leading French-language magazine publisher and broadcaster of entertainment, news and public affairs TV programming, as well as one of the largest private-sector production companies. TVA Group Inc. also operates SUN News, a national broadcaster of specialty English-language news and op-ed programming airing throughout Canada. Its Class B shares are traded on the Toronto Stock Exchange under the TVA.B symbol.
Denis Rozon, CA
Vice-president & Chief Financial Officer
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