Corus Deal Lets Shaw Family Rearrange Assets in Market Shift

Updated on
  • Shaw selling media unit to Corus seen as win for both
  • Deal comes as advertising shrinks and regulatory changes loom

Shaw Communications Inc.’s C$2.65 billion ($1.86 billion) deal to sell its media unit to Corus Entertainment Inc. lets one of Canada’s wealthiest families to rearrange its assets to better cope with the quickly changing world of media and the Internet.

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