DOCSLIB.ORG

Corus Entertainment Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corus Entertainment Inc These materials are important and require your immediate attention. The shareholders of Corus are required to make important decisions. If you have any doubt as to how to make such decisions, please contact your tax, financial, legal or other professional advisors. If you require further assistance, please do not hesitate to contact the Company’s proxy solicitation agent, D.F. King Canada, toll free at 1-800- 622-1678 (1-201-806-7301 by collect call) or by email at [email protected]. CORUS ENTERTAINMENT INC. NOTICE OF SPECIAL MEETING AND MANAGEMENT INFORMATION CIRCULAR FOR THE SPECIAL MEETING OF SHAREHOLDERS REGARDING THE PROPOSED ACQUISITION OF SHAW MEDIA INC. MARCH 9, 2016 February 9, 2016 THE CORUS BOARD HAS APPROVED THE ACQUISITION AND RECOMMENDS THAT SHAREHOLDERS VOTE IN FAVOUR OF THE RESOLUTIONS SET FORTH IN THE CIRCULAR February 9, 2016 Dear Corus shareholder: On behalf of the Board of Directors (the “Board”) of Corus Entertainment Inc. (“Corus” or the “Company”), we invite you to attend the special meeting (the “Meeting”) of the holders (the “Shareholders”) of Class A participating shares (the “Class A Shares”) and Class B non-voting participating shares (the “Class B Shares”) of Corus to be held at Corus Quay, 25 Dockside Drive, Toronto, Ontario at 10:00 a.m. (Eastern Time) on March 9, 2016. On January 13, 2016, Corus entered into a share purchase agreement (the “Acquisition Agreement”) with Shaw Communications Inc. (“Shaw”) to acquire (the “Acquisition”) the business of Shaw Media Inc. (“Shaw Media”) for $2.65 billion. The Acquisition will be paid by a combination of cash and the issuance of Class B Shares to Shaw, as described in the accompanying management information circular (the “Circular”). CREATING A GROWTH-ORIENTED, INTEGRATED MEDIA AND CONTENT COMPANY WITH SCALE We at Corus are very excited to present you with a unique opportunity to combine two of Canada’s leading media companies in an acquisition that is expected to be immediately accretive to shareholders on an earnings per share and free cash flow per share basis. This compelling transaction strongly positions Corus, following completion of the Acquisition (the “Combined Company”), to compete and grow in a dynamic media landscape. The complementary suites of leading brands will create a large, integrated media and content company, transforming the Combined Company’s enhanced scale and significant free cash flow into a powerful platform for growth. The Company will more than double in size, commanding 34.5% of Canada’s English language television audience1, while significantly increasing its financial scale, representing a combined $1.9 billion in revenue, $619 million in adjusted EBITDA and $431 million in free cash flow2 based on the fiscal 2015 results of both companies. The Company expects that growth opportunities will be created in the Canadian market through enhanced advertising bundling, next generation advertising capabilities and the cross-promotion of content and brands across the Combined Company’s diverse portfolio of media offerings. Internationally, the Company sees a significant opportunity to leverage its expertise to produce more quality Canadian content to drive increased global sales. Highly cash generative assets that deliver strong free cash flow are expected to enable the Company to maintain its current dividend of $1.14 per Class B Share, while cost synergies with Shaw Media are expected to result in $40 to $50 million in annual operating savings, in addition to immediate savings of approximately $15 million in corporate overhead charges that will no longer be allocated from Shaw to Shaw Media. A strong Board and exceptional management team, representing the deep and diverse skill sets of both Corus and Shaw Media, will oversee the execution of the integration and strive to advance the Company’s growth objectives. See “Description of the Combined Company – Directors and Officers of the Combined Company”. The Acquisition significantly advances Corus’ strategic objectives for growing the Company, which are: 1. Own and Control More Content – The Acquisition will strengthen the Company’s portfolio of premium brands, bolstered by new partnerships and output deals, with Scripps Networks Interactive, National Geographic, A + E Networks and others. The size of the Combined Company’s required expenditures on Canadian programming will enable increased ownership and production of Canadian content, which is 1 Source: Numeris TV Meter – 2014/2015 Broadcast Year (weeks 1-52), Total Canada (English), Specialty and Conventional Channels, Monday – Sunday 2 am – 2 am, Audience Share %, Sum of Individuals ages 2+, % rounded to nearest whole number. 2 FY2015 free cash flow excludes impact of debt servicing (interest and mandatory amortization) on incremental debt to finance the Acquisition and includes Corus’ Pay TV business. Corus will discontinue its Pay TV business in FY 2016. - ii - expected to increase global sales. The Combined Company will also gain greater access to exclusive, first run content. 2. Engage Our Audiences – The Acquisition creates a portfolio of best-in-class brands with exceptional content and with significant cross-promotional opportunities across television, radio and digital. With these capabilities, strengthened by its audience intelligence data, the Company expects to deepen its engagement with audiences. 3. Expand into New and Adjacent Markets – The Acquisition provides Corus with a national conventional television presence and is expected to facilitate the addition of next generation advertising capabilities. Through Global Television, Corus will gain meaningful scale and a powerful entry into an adjacent market. Management believes that this scale will accelerate ownership of more women’s, kids’ and family content for global distribution. Management intends to drive new revenue opportunities across the Company’s business through enhanced content sharing, advertising bundling, cross-promotion and next generation advertising solutions. INDEPENDENT ASSESSMENT OF ACQUISITION PROCESS AND PURCHASE PRICE The Board established a special committee of independent directors (the “Corus Special Committee”). The Corus Special Committee was charged with, among other matters, reviewing, directing and supervising the process to be carried out by the Company and its professional advisors in assessing the Acquisition, reviewing and considering the proposed structure, terms and conditions of the Acquisition, and making a recommendation to the Board with respect thereto. In evaluating the Acquisition, the Corus Special Committee secured an independent formal valuation and fairness opinion from Barclays Capital Canada Inc. and the Board secured a fairness opinion from RBC Dominion Securities Inc. Based on the formal fairness opinions from both institutions, the recommendation by the Corus Special Committee and further discussion with Corus’ external financial and legal advisors, the Board has approved the Acquisition and recommends that holders of Class A Shares and Class B Shares VOTE IN FAVOUR of the resolutions set forth in the Circular. VOTING TO APPROVE THE ACQUISITION At the Meeting: (a) holders of the Class A Shares and Class B Shares will each be asked to consider and vote upon a resolution to approve the Acquisition on and subject to the terms of the Acquisition Agreement and the performance by Corus of its obligations thereunder, including, among other things, approval of the issuance of 71,364,853 Class B Shares forming part of the consideration to be paid to Shaw in connection with the Acquisition (the “Acquisition Resolution”); and (b) holders of the Class A Shares will be asked to consider and vote upon a resolution to allow the Board to fix the number of directors of the Company following the Acquisition, within the minimum and maximum number provided in the Articles of the Company. In order for the Acquisition to proceed, the Acquisition Resolution must be approved by: (i) a majority of the votes (50% + 1) cast at the Meeting by or on behalf of the holders of Class A Shares in accordance with the requirements of the Toronto Stock Exchange, excluding any votes attached to Class A Shares held by interested shareholders; and (ii) a majority of the votes (50% + 1) cast at the Meeting by or on behalf of the holders of Class A Shares and the holders of Class B Shares, in each case voting separately as a class (excluding for these purposes, the votes cast by certain “related parties” to the Company in accordance with the “minority approval” requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions). For this purpose, the Class A Shares and Class B Shares held by JR Shaw, the Shaw Family Living Trust and certain other persons (collectively, the “Excluded Shareholders”), representing in the aggregate approximately 84.8% of the outstanding Class A Shares and approximately 8.1% of the outstanding Class B Shares, will be excluded. See “Overview of Regulatory Approvals – Canadian Securities Law Matters – MI 61-101” for further description in the Circular. - iii - Assuming that all of the conditions to the closing of the Acquisition are satisfied, including shareholder approval of the Acquisition Resolution, the Acquisition is expected to close in the third quarter of fiscal 2016. The attached Notice of Special Meeting and Circular describes in detail the Acquisition and the procedures to be followed at the Meeting. Please give this material your careful consideration, as
Load more

Recommended publications
  • Liste Des Finalistes En Télévision
    Liste des finalistes en télévision MONTRÉAL | TORONTO, 19 janvier 2016 Best Dramatic Series Sponsor | Innovate By Day 19-2 Bravo! (Bell Media) (Sphere Media Plus, Echo Media) Jocelyn Deschenes, Virginia Rankin, Bruce M. Smith, Luc Chatelain, Greg Phillips, Saralo MacGregor, Jesse McKeown Blackstone APTN (Aboriginal Peoples Television Network) (Prairie Dog Film + Television) Ron E. Scott, Jesse Szymanski, Damon Vignale Motive CTV (Bell Media) (Motive Productions III Inc., Lark Productions, Foundation Features) Daniel Cerone, Dennis Heaton, Louise Clark, Rob Merilees, Erin Haskett, Rob LaBelle, Lindsay Macadam, Brad Van Arragon, Kristin Lehman, Sarah Dodd Saving Hope CTV (Bell Media) (Entertainment One, ICF Films) Ilana Frank, David Wellington, Adam Pettle, Morwyn Brebner, John Morayniss, Margaret O'Brien, Lesley Harrison X Company CBC (CBC) (Temple Street Productions) Ivan Schneeberg, David Fortier, Andrea Boyd, Mark Ellis, Stephanie Morgenstern, Bill Haber, Denis McGrath, Rosalie Carew, John Calvert Best Comedy Series Mr. D CBC/City (CBC / Rogers Media) (Mr. D S4 Productions Ltd., Mr. D S4 Ontario Productions Ltd.) Michael Volpe, Gerry Dee PRIX ÉCRANS CANADIENS 2016 | Liste des finalistes en télévision | 1 Mohawk Girls APTN (APTN) (Rezolution Pictures Inc.) Catherine Bainbridge, Christina Fon, Linda Ludwick, Ernest Webb, Tracey Deer, Cynthia Knight Schitt's Creek CBC (CBC) (Not A Real Company Productions Inc.) Eugene Levy, Daniel Levy, Andrew Barnsley, Fred Levy, Ben Feigin, Mike Short, Kevin White, Colin Brunton Tiny Plastic Men Super
    [Show full text]
  • Annual Report 2010 Annual Report 2010
    Score Score Score Together is We, the leading entertainment and communications Amazing. company, deliver exceptional customer experience through Amazing. outstanding people sharing Shaw Values. ACCOUNTABLE BALANCE CUSTOMER FOCUSED INTEGRITY LOYALTY POSITIVE, CAN DO ATTITUDE TEAM PLAYER Annual Report 2010 Score Score Score Score 1 Report to Shareholders 4 Management’s Discussion and Analysis 64 Management’s Responsibility for Financial Statements and Report on Internal Control over Financial Reporting 66 Independent Auditors’ Reports 68 Consolidated Financial Statements 72 Notes to Consolidated Financial Statements 119 Five Years in Review 120 Shareholders’ Information 121 Corporate Information The Annual General Meeting of Shareholders will be held on January 13 , 201 1 at 11:00 am (Mountain Time) at the Shaw Barlow Trail Building, 2400 – 32 Avenue NE, Calgary, Alberta. When we work together, we can achieve amazing things. We have never been more committed to providing exceptional customer service while creating best in class products and services. We are committed to the communities where we live and work and to our 13,000 employees who make it possible. We are working together, one team – one Shaw, towards an amazing future. 06 265 07 356 08 455 09 506 10 515 FREE CASH FLOW 06 103 06 265 07 201 07 356 08 304 08 455 09 352 09 506 10 372 10 515 DVIDENDS FREE CASH FLOW 06 103 06 1.1 07 201 07 1.2 08 304 08 1.4 09 352 09 1.5 10 372 10 1.8 DVIDENDS EBITDA (in billions) 06 265 07 356 06 2.5 06 1.1 08 455 07 2.8 07 1.2 09 506 08 3.1 08 1.4
    [Show full text]
  • A Resourceful and Clientfocused Practitioner, Andrew Acts For
    A resourceful and client­focused practitioner, Andrew acts for Canadian and international clients on a wide range of tax matters. Andrew advises clients on the tax aspects of mergers and acquisitions, corporate reorganizations, corporate finance, partnerships, and trusts and estates. He has offered guidance on disputes with the Canada Revenue Agency and provincial taxation authorities. Andrew has worked with clients in various industries, including pharmaceuticals, technology, telecommunications, real estate, airlines, resources and mining. Andrew Ellis Andrew teaches the tax component of the Advanced Business Law Workshop on Partner mergers and acquisitions at Osgoode Hall Law School. Office Toronto REPRESENTATIVE WORK Tel Shaw Communications Inc. 416.367.7443 Acting for Shaw Communications Inc. in the acquisition by Rogers Communications Inc. of all of Shaw's issued and outstanding Class A and Class Email B shares in a transaction valued at approximately $26 billion, including debt, [email protected] representing a significant premium for Shaw's shareholders. SEMAFO Inc. Expertise Tax Acted as counsel to SEMAFO Inc. in its US$2.1­billion business combination with Endeavour Mining Corporation by way of plan of arrangement under the Bar Admissions Business Corporations Act (Québec). Ontario, 2013 McKesson Corporation Acted for McKesson Corporation, a leading international healthcare services and information technology company, in connection with its $3­billion acquisition of Rexall and Rexall Pharma Plus, which operate approximately 470 pharmacies in Canada, from Katz Group, one of Canada's largest privately owned enterprises. Toromont Industries Ltd. Acted for Toromont Industries Ltd. in its acquisition of Hewitt Equipment in a $1­ billion transaction that expands Toromont's Caterpillar dealership into Québec, Western Labrador and the Maritimes, and strengthens its expertise in the mining, construction, power systems and forestry sectors.
    [Show full text]
  • View Annual Report
    Focused on the future. 2014 Annual Report 1 Report to Shareholders 4 Management’s Discussion and Analysis 57 Management’s Responsibility for Financial Statements and Report on Internal Control over Financial Reporting 59 Independant Auditors’ Reports 63 Consolidated Financial Statements 68 Notes to Consolidated Financial Statements 122 Five Years in Review 123 Shareholders’ Information 124 Corporate Information The Annual General Meeting of Shareholders will be held on January 14, 2015 at 11:00 am (Mountain Time) at the Shaw Barlow Trail Building, 2400 – 32 Avenue NE, Calgary, Alberta. Shaw Communications Inc. 2014 Annual Report At Shaw, every decision we make, and every initiative we launch, is driven by customer choice and the imperative to bring quality, reliability, innovation and value to the customer and viewer experience. Shaw Communications Inc. 2014 Annual Report Revenue* Dividends Figures in billions Figures in millions 5.2 5.1 485 5.0 445 4.7 416 391 372 3.7 10 11 12 13 14 10 11 12 13 14 Operating income before Free cash flow* restructuring costs and Figures in millions amortization* Figures in billions 698 2.3 2.2 2.1 2.1 617 604 1.8 515 482 10 11 12 13 14 10 11 12 13 14 *Financial information for fiscal 2010 is prepared in accordance with previous Canadian generally accepted accounting principles. Shaw Communications Inc. REPORT TO SHAREHOLDERS August 31, 2014 Dear Fellow Shareholders: Our performance in fiscal 2014 reflects our continued focus on the delivery of exceptional experiences and leading technology to our customers and viewers, a disciplined focus on operational efficiencies, and sound capital management creating value for all stakeholders.
    [Show full text]
  • Youth, Teens and Mental Health
    Youth, teens and mental health Condition Report: It’s no secret the emotions and actions of youth and teenagers can be a dizzying array of ups, downs, quirks and contradictions. But, where mood swings, tantrums, and dramatic phases do constitute what have always been accepted as a normal part of growing up, there are notable instances when shifts in mood and behaviour may be indicators of a larger, more daunting issue: mental illness. Children And Mental Health Disorders: Of these, anxiety disorders most commonly affect children and The Challenges They Face teens, with six percent experiencing them at some point.1,2 Suicide, the most concerning of mental health issues, is the number one As adults, it may be difficult to imagine children suffering from non-accidental cause of death among Canadian youth. The such difficult challenges, yet child psychiatrist, Dr. Jean Clinton, Canadian Mental Health Association (CMHA) reported that a worries the number of young people today experiencing mental shocking five percent of youth attempted suicide in the past year, health problems is on the rise. The statistics do paint a striking while another 12% had given suicide serious thought.3 Without portrait: close to 20 percent – one in five – young people are question, our youth and teens are facing stressors and pressures in actively dealing with a mental health issue.1 These include: their lives which are manifesting in ways that go well beyond the • Anxiety disorders often inconsequential “growing pains”. • Attention-deficit/hyperactivity disorder (ADHD) Just as concerning, only one in four will get the help they need.2,4 • Bipolar disorder This can create a disruptive ripple effect: the mental illness itself makes its way into the daily fabric, relationships, academics and • Conduct disorder physical health of the child.
    [Show full text]
  • Of Analogue: Access to Cbc/Radio-Canada Television Programming in an Era of Digital Delivery
    THE END(S) OF ANALOGUE: ACCESS TO CBC/RADIO-CANADA TELEVISION PROGRAMMING IN AN ERA OF DIGITAL DELIVERY by Steven James May Master of Arts, Ryerson University, Toronto, Ontario, Canada, 2008 Bachelor of Applied Arts (Honours), Ryerson University, Toronto, Ontario, Canada, 1999 Bachelor of Administrative Studies (Honours), Trent University, Peterborough, Ontario, Canada, 1997 A dissertation presented to Ryerson University and York University in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Program of Communication and Culture Toronto, Ontario, Canada, 2017 © Steven James May, 2017 AUTHOR'S DECLARATION FOR ELECTRONIC SUBMISSION OF A DISSERTATION I hereby declare that I am the sole author of this dissertation. This is a true copy of the dissertation, including any required final revisions, as accepted by my examiners. I authorize Ryerson University to lend this dissertation to other institutions or individuals for the purpose of scholarly research. I further authorize Ryerson University to reproduce this dissertation by photocopying or by other means, in total or in part, at the request of other institutions or individuals for the purpose of scholarly research. I understand that my dissertation may be made electronically available to the public. ii ABSTRACT The End(s) of Analogue: Access to CBC/Radio-Canada Television Programming in an Era of Digital Delivery Steven James May Doctor of Philosophy in the Program of Communication and Culture Ryerson University and York University, 2017 This dissertation
    [Show full text]
  • View Annual Report
    Shaw Communications ANNUAL REPORT August 31, 2005 SHAW COMMUNICATIONS INC. ANNUAL REPORT CONTENTS Page Report to Shareholders 1 Management’s Discussion and Analysis 4 Management’s Responsibility for Financial Reporting 45 Auditors’ Report 46 Consolidated Financial Statements 47 Notes to Consolidated Financial Statements 50 Five Years in Review 96 Shareholders’ Information 97 Corporate Information 98 The Annual General Meeting of Shareholders will be held on January 12, 2006 at 11:00am (Pacific Time) at Shaw Tower, 1067 West Cordova Street, Vancouver, British Columbia. Shaw Communications REPORT TO SHAREHOLDERS August 31, 2005 Dear Shareholders: Fiscal 2005 was marked by a number of significant achievements, including customer growth, improved financial results, and enhanced products and services. It was a landmark year with the launch of our Digital Phone service, which positions us with a triple play offering of voice, video and data. All of this contributed to enhanced returns and greater shareholder value. FINANCIAL HIGHLIGHTS Our financial position continued to improve: ) Total service revenue for the year was $2.2 billion, up 6.3% over last year. ) Consolidated service operating income before amortization1 was $982 million, up 6.1% over last year. ) Funds flow from operations2 was $763 million, up 10% over last year. ) Free cash flow1 for the year was $277 million, consistent with last year despite the increased investment made to support the launch of Digital Phone. ) Net income for the year was $161 million or $0.64 per share, up from $91 million or $0.22 per share last year. STRATEGIC FOCUS We operate in a highly competitive, rapidly evolving business environment.
    [Show full text]
  • Of Logos, Owners, and Cultural Intermediaries: Defining an Elit
    Of Logos, Owners, and Cultural Intermediaries: Defining an Elite Discourse in Re-branding Practices at Three Private Canadian Television Stations Christopher Ali University of Pennsylvania ABSTRACT This article explores the relationship between local television stations and na - tional networks through a careful study of station re-branding. The relationship is explored through case studies of the three privately owned English-speaking television stations in Win - nipeg, Canada. Through in-depth interviews with station and network executives, the author investigates the critical factors that facilitated the re-branding of Canada’s private television networks between 1997 and 2005. This period saw many English-speaking television networks unite their respective affiliate stations under a single logo and brand. Influenced by branding theory and scholarship on Canadian broadcasting, this article examines the shift away from local identification in Canadian broadcasting and the benefits, challenges, and resistances therein. KEYWORDS Canadian broadcasting; Local television; History of broadcasting; Branding RÉSUMÉ Cet article explore le rapport entre les stations de télévision locales et les réseaux nationaux au moyen d’un examen méticuleux des changements de marque des stations. Pour ce faire, l’auteur a mené des études de cas sur les trois stations de télévision privées de langue anglaise à Winnipeg, Manitoba. En se fondant sur des entretiens en profondeur avec des cadres de stations et de réseaux, l’auteur explore les facteurs critiques qui ont permis les changements de marque des réseaux de télévision privés au Canada entre 1997 et 2005. C’est durant cette période que plusieurs réseaux de télévision anglophones ont uni leurs stations affiliées respectives sous la bannière d’un seul sigle et d’une seule marque.
    [Show full text]
  • BNPA Partners with Shaw Media
    *** For Immediate Release *** The Best New Product Awards (BNPAs) sign exclusive broadcast deal with Shaw Media Toronto, ON (February 14, 2012) – Canada’s most credible and trusted consumer packaged goods (CPG) awards program, the Best New Product Awards (BNPAs), welcomes Shaw Media as the exclusive broadcast media partner. The partnership will include various campaigns showcasing the BNPA logo as well as BNPA winners being featured on Shaw’s extensive broadcast, online and video on demand networks including: Global Television, Food Network, HGTV, History Channel and Slice. The combined reach for this broadcast exposure will exceed 5 million women, who are often the most influential decision makers in Canadian homes. The 2012 edition of the BNPAs saw more than 53,000 Canadians polled on their top choices in CPG products in three major product categories – Food & Beverage, Health & Beauty and Household Products. “Shaw Media is the perfect fit for the Best New Product Awards,” says Robert Levy, BNPA Founder and President of BrandSpark International. “Shaw’s family of networks – specifically Global Television, Food Network, HGTV, History Channel and Slice – are among the leading television networks reaching both women and men, age 25-54. Our 2012 BrandSpark Canadian Shopper Survey tells us that two thirds of consumers’ shopping decisions are made by women, and one third by men. Shaw delivers the perfect audience for our program and our CPG clients.” “Shaw Media’s broadcast and online assets will deliver the critical mass needed to help make the Best New Product Awards a household name,” says Ann-Marie Spurr, Shaw Media’s Director of Marketing Ventures.
    [Show full text]
  • Annual Report 2014-2015
    Annual Report 2014-2015 Platinum Sponsor Message from the President Presented by Cam Cowie 2014-15 WAB President Dear Members, It is my privilege to present the Annual Report of the Western We were pleased to host our 5th Annual CRTC Meet & Greet Association of Broadcasters. Please take a few minutes to at our Conference, and really appreciate the CRTC showing review this Report and join me in reflecting on another great up every year and connecting with broadcasters at WAB! It year for the WAB. is always great to end our Conference on a high note and we did just that by honouring the very best in Prairie broadcasting Since our first strategic planning meeting in September, your at the President’s Dinner & Gold Medal Awards Gala. Those board of directors have been hard at work for this year’s in the room were certainly fortunate to witness four very Conference. As mentioned at last year’s AGM, this was worthy inductees into the WAB Hall of Fame - David Dekker, also the first year of new management of the association Al Friesen, Randy Lemay and Bill Wood. and Conference. We started the year by re-evaluating the objectives of the association and focused on the content of Thank you for attending our recent Conference, especially our our Conference. Our board has been working closely with new attendees and member organizations. Vanessa, the new Manager to implement some changes and are also eagerly looking ahead at some progressive changes in future years as well. It has been an enjoyable year for me serving as President.
    [Show full text]
  • PRIX ÉCRANS CANADIENS 2015 Gagnants En Télévision
    PRIX ÉCRANS CANADIENS 2015 Gagnants en télévision Shaw Media Award for Best Dramatic Series Orphan Black Space (Bell Media) (Temple Street Productions) Kerry Appleyard, Andrea Boyd, John Fawcett, David Fortier, Alex Levine, Graeme Manson, Ivan Schneeberg, Karen Walton, Claire Welland Bell Media Award for Best Comedy Series Call Me Fitz TMN / Movie Central (Bell Media / Corus Entertainment) (Entertainment One Television International, Amaze Film + Television, Big Motion Pictures) Sheri Elwood, Teza Lawrence, David MacLeod, Matt MacLennan, John Morayniss, Margaret O’Brien, Jason Priestley, Derek Schreyer, Michael Souther Best Reality / Competition Program or Series Commanditaire | Sponsor | A&E Networks The Amazing Race Canada CTV (Bell Media) (Insight Production Company Ltd.) Eric Abboud, Mike Bickerton, Barbara Bowlby, John Brunton, Mark Lysakowski Best Animated Program or Series Commanditaire | Sponsor | Breakthrough Entertainment Rocket Monkeys Teletoon (Corus Entertainment) (Breakthrough Entertainment) Dan Abdo, Mauro Casalese, Mark Evestaff, Joan Lambur, Ira Levy, Jason Patterson, Stephanie VanBruggen, Peter Williamson Best Biography or Arts Documentary Program or Series UNSUNG: Behind the Glee TVO (TVO) (Shaftesbury) Scott Garvie, Christina Jennings, Moze Mossanen, Jeff Spriet Best Children's or Youth Fiction Program or Series Commanditaire | Sponsor | Family Channel Degrassi MuchMusic/MTV (Bell Media) (Epitome Pictures Inc.) Stefan Brogren, Sarah Glinski, Matt Huether, David Lowe, Linda Schuyler, Stephen Stohn, Stephanie Williams
    [Show full text]
  • BLG Acted As Counsel to the Special Committee of Corus with a Team Led by Frank Callaghan That Included Philippe Tardif and Laura Costen
    Corus Entertainment Inc. acquires Shaw Media Inc. in transformational acquisition Date closed: 4/1/2016 Value: C$2.65 billion On April 1, 2016, Corus Entertainment Inc. acquired Shaw Media Inc. from Shaw Communications Inc. (SCI) for C$2.65 billion through a combination of cash and Corus Class B shares. The transaction gives Corus ownership of all of Shaw Media's leading brands, resulting in a combined portfolio with significant scale, including 45 specialty television channels, 39 radio stations, digital assets, the content studio, Nelvana and 15 conventional television stations. On a fiscal 2015 basis, Corus and Shaw Media combined generated about C$1.9-billion in revenue, about C$619-million in adjusted earnings before interest, taxes, depreciation and amortization, and about C$430-million of free cash flow. The transaction is expected to generate C$40-million to C$50-million of annual cost synergies to be realized within 24 months, in addition to significant revenue synergies. Under the terms of the transaction, Corus agreed to acquire 100 per cent of Shaw Media for a total purchase price of C$2.65 billion. Upon closing of the transaction, SCI will receive about C$1.85-billion in cash and about 71 million Corus Class B shares at C$11.21 per share, which is based on current volume-weighted average trading prices on the Toronto Stock Exchange. Corus Entertainment Inc., headquartered in Toronto, Ontario, is an integrated media and entertainment company. Shaw Media Inc., headquartered in Calgary, Alberta, is a television broadcasting division of Shaw Communications Inc.
    [Show full text]