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Shaw sells two cable systems - Broadcasting & Cable

Shaw sells two cable systems

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Shaw Communications Inc. is unloading two of its cable systems, selling one
Florida operation to Advance/Newhouse Communications and a Texas system to CEQUEL III.

The sales will bring in about $197 million for Shaw, which plans to use the
proceeds to pay down debt.

The two cable systems count a combined 71,000 subscribers and kick in about
$17 million in operating income to Shaw.

The deals could close by the end of June.

Waller Capital Corp. represented Shaw in the sales.

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