April 26 (Reuters) - Shaw Communications Inc SJRb.TO :
* Co, Corus Entertainment says new funding model providing Global News additional resources to support local news coverage, reporting
* Beginning Sept 1, Global News to get about $10 million annually in funds redirected from local Shaw TV operations
* As per funding model, local news coverage and reporting will be supported in Vancouver, Calgary and Edmonton
* As a result of deal, co says it will be closing Shaw TV stations in Vancouver, Calgary, Edmonton, effective August 15, 2017
* Closing of Shaw TV stations in Vancouver, Calgary and Edmonton will affect approximately 70 positions Source text for Eikon: ID:nCCN96kZxG Further company coverage: SJRb.TO CJRb.TO