Showcase's Fulford leaves after sale
EmptyTORONTO -- Rachel Fulford, director of original production at Canadian cable channel Showcase Television, said Wednesday that she is stepping down in the wake of CanWest Global's takeover of Showcase via its purchase of Alliance Atlantis Communications.
The decision by Fulford, who joined Showcase in 1998, follows Monday's news that Alliance Atlantis senior vp content John Gill was on the way out.
CanWest Global last week took possession of Showcase and 12 other Alliance Atlantis channels after it received final approval for its takeover from Canada's TV regulator.
Alliance Atlantis executives that departed prior to CanWest's final takeover include Norm Bolen, executive vp of content; Heather Conway, the broadcaster's head of public affairs; distribution chief Ted Riley; CFO David Lazzarato and CEO Phyllis Yaffe.
Among the few Alliance Atlantis executives to survive the recent cull is sales chief Errol Da-Re. He was named Tuesday as executive vp sales for a new broadcast entity that includes the 13 cable channels and CanWest Global's Global Television network.
CanWest acquired the Alliance Atlantis channels with U.S. equity partner Goldman Sachs & Co. The Canadian broadcaster will hold a 35% equity investment in the Alliance Atlantis/Global Television entity and 66 2/3% of the voting shares.
Goldman Sachs, in turn, will retain the balance of both equity and voting shares in the newly-combined entity and retain an option to cash out in 2011.