Shaw Communications Completes Takeover of Global TV Two Months Early
"We are well under way in the integration of the Shaw Media assets and it became clear to Brad and I that it would be best for Brad to assume the role of CEO immediately," Jim Shaw said in a statement.
Having seized control of the national Global Television network, Jim Shaw Jr. has handed over the reins at western Canadian cable giant Shaw Communications to younger brother Bradley Shaw two months earlier than planned.
“We are well under way in the integration of the Shaw Media assets and it became clear to Brad and I that it would be best for Brad to assume the role of CEO immediately so that he can move forward with the necessary decisions,” Jim Shaw said Wednesday in a statement.
The Shaw brothers had originally planned a Jan. 13 handover of control of the family-owned media empire after Shaw Communications acquired and renamed the former Canwest Global Communications Corp. as Shaw Media.
But Bradley Shaw is to formally take control of Shaw Communications well ahead of the cable giant’s next annual general meeting on Jan. 13.
Bradley Shaw was most recently executive vp of Shaw Communications.
The urgency at Shaw comes as phone giant BCE Inc. installed top exec Kevin Crull as COO of rival CTV, ahead of Crull eventually replacing Ivan Fecan as head of top-rated national TV network once BCE completes a pending $3.2 billion takeover of CTV.
And elsewhere, former Canadian Broadcasting Corp. sports boss Scott Moore has landed at Rogers Media as president of broadcasting, to oversee its TV networks Sportsnet, CityTV and OMNI, and its radio stations.
The hire was made by Keith Pelley, the newly-installed president of Rogers Media.