It is reported,  the Catalyst Group includes two veteran broadcast executives, Rael Merson, who would become the Chief Executive Officer of the new company and John Tory, currently with Toronto’s Newstalk 1010 and former head or Rogers Cable

Catalyst Capital will provide the bulk of the financing, with the Asper family to contribute up to $15-million in the refinancing of the company.  Mr. Merson and Mr. Tory are also reported to be making signigicant investments in the new company.

The Asper offer was made on the same day Shaw is scheduled to be before a judge to obtain court approval for their offer to purchase 20% of Canwest’s broadcasting assets