Dec 05, 2020
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Shaw, CTF re – ignite bitter spat

TORONTO (CP) _ Shaw Communications Inc. (TSX:SJR) has re-ignited a bitter dispute with the Canadian Television Fund.

The cable giant is accusing fund executives of trying to tighten their grip on hundreds of millions in consumer and taxpayer dollars that are used to fund domestic TV shows.

Shaw’s CEO vowed to push for "radical change" to the fund in a letter written to CTF chairman Doug Barrett, obtained by the Globe and Mail.

Jim Shaw argued the CTF is misspending the money it gets from the government and industry.

Three months ago, Canada’s broadcast regulator ordered a review of the $265-million fund to quell a revolt by cable and satellite TV carriers who are its major contributors.

Shaw, along with Quebecor Inc.’s cable subsidiary Videotron Ltee allege the fund is using its June 12 annual meeting to rewrite bylaws to ensure cable and satellite carriers have little say in key decisions.

"What you are doing with the (annual meeting) demonstrates that the CTF does not consider itself accountable to the outside world," Shaw said in the tersely worded letter.

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Headline, Industry News

Shaw, CTF re – ignite bitter spat

TORONTO (CP) _ Shaw Communications Inc. (TSX:SJR) has re-ignited a bitter dispute with the Canadian Television Fund.

The cable giant is accusing fund executives of trying to tighten their grip on hundreds of millions in consumer and taxpayer dollars that are used to fund domestic TV shows.

Shaw’s CEO vowed to push for "radical change" to the fund in a letter written to CTF chairman Doug Barrett, obtained by the Globe and Mail.

Jim Shaw argued the CTF is misspending the money it gets from the government and industry.

Three months ago, Canada’s broadcast regulator ordered a review of the $265-million fund to quell a revolt by cable and satellite TV carriers who are its major contributors.

Shaw, along with Quebecor Inc.’s cable subsidiary Videotron Ltee allege the fund is using its June 12 annual meeting to rewrite bylaws to ensure cable and satellite carriers have little say in key decisions.

"What you are doing with the (annual meeting) demonstrates that the CTF does not consider itself accountable to the outside world," Shaw said in the tersely worded letter.

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline, Industry News

Shaw, CTF re – ignite bitter spat

TORONTO (CP) _ Shaw Communications Inc. (TSX:SJR) has re-ignited a bitter dispute with the Canadian Television Fund.

The cable giant is accusing fund executives of trying to tighten their grip on hundreds of millions in consumer and taxpayer dollars that are used to fund domestic TV shows.

Shaw’s CEO vowed to push for "radical change" to the fund in a letter written to CTF chairman Doug Barrett, obtained by the Globe and Mail.

Jim Shaw argued the CTF is misspending the money it gets from the government and industry.

Three months ago, Canada’s broadcast regulator ordered a review of the $265-million fund to quell a revolt by cable and satellite TV carriers who are its major contributors.

Shaw, along with Quebecor Inc.’s cable subsidiary Videotron Ltee allege the fund is using its June 12 annual meeting to rewrite bylaws to ensure cable and satellite carriers have little say in key decisions.

"What you are doing with the (annual meeting) demonstrates that the CTF does not consider itself accountable to the outside world," Shaw said in the tersely worded letter.

Leave a Reply

Your email address will not be published. Required fields are marked *

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