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Shaw to sell Global TV, specialty channels to Corus for $2.6 billion

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.