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BRIEF-Shaw Communications & Corus Entertainment announce new funding model to support local news
April 26, 2017 / 6:07 PM / 5 months ago

BRIEF-Shaw Communications & Corus Entertainment announce new funding model to support local news

April 26 (Reuters) - Shaw Communications Inc:

* Co, Corus Entertainment says new funding model providing Global News additional resources to support local news coverage, reporting

* Beginning Sept 1, Global News to get about $10 million annually in funds redirected from local Shaw TV operations

* As per funding model, local news coverage and reporting will be supported in Vancouver, Calgary and Edmonton

* As a result of deal, co says it will be closing Shaw TV stations in Vancouver, Calgary, Edmonton, effective August 15, 2017

* Closing of Shaw TV stations in Vancouver, Calgary and Edmonton will affect approximately 70 positions Source text for Eikon: Further company coverage:

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