Calgary, Alberta (August 13, 2010) — Shaw Communications Inc. ("Shaw") announced today
that the Competition Bureau has cleared Shaw's acquisition of 100% of the over-the-air and
specialty television businesses of Canwest Global Communications Corp.
The Competition Bureau concluded that the transaction will not likely give rise to a substantial
lessening or prevention of competition under the Competition Act because of a number of
factors, including effective remaining competition, the effect of the regulatory environment, the
absence of relevant concerns expressed by market participants and numerous alternatives
available to advertisers.
"The Bureau has conducted a very thorough review and we appreciate their efforts to
expeditiously complete their examination," said Jim Shaw, CEO and Vice Chair of Shaw. "We
look forward to moving ahead with this transaction. We are certain it will strengthen the
Canadian broadcasting system to the benefit of all Canadians."
Shaw will be able to close the transaction after receiving approval from the Canadian Radiotelevision
and Telecommunications Commission ("CRTC"). The CRTC has announced a public
hearing during the week of September 20, 2010. "Canwest is now one step closer to emerging
from protection under the Companies' Creditors Arrangement Act," said Jim Shaw. "We look
forward to completing the last remaining step."
About Shaw
Shaw Communications Inc. is a diversified communications company whose core business is
providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications
services (through Shaw Business Solutions) and satellite direct-to-home services (through Shaw
Direct). The Company serves 3.4 million customers, including 1.8 million Internet subscribers and over 1.0
million Digital Phone customers, through a reliable and extensive network, which comprises
625,000 kilometres of fibre. Shaw is traded on the Toronto and New York stock exchanges and
is included in the S&P/TSX 60 Index (Symbol: TSX – SJR.B, NYSE – SJR).
