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CALGARY – Shaw Communications is selling its media division to Corus Entertainment for $2.65 billion.
Shaw Media includes the Global Television network and 19 specialty channels including HGTV Canada, Food Network Canada and Showcase.
Corus already owns a number of other specialty TV channels as well as a network of radio stations and the Nelvana animation studio.
Both companies are controlled by the Shaw family through its multiple-voting shares.
