CMT (Canadian TV channel): Difference between revisions

After months of negotiations, the matter was settled when it was announced that [[CBS Cable]], then owners of CMT, would purchase a minority stake in the service. NCN was relaunched as CMT on September 14, 1996.<ref>RPM Magazine - September 14th 1996 [https://www.worldradiohistory.com/CANADA/RPM/90s/1996/RPM-1996-09-16.pdf]</ref><ref name="CNN Money"/> The majority interest was acquired by [[Shaw Communications]] at the same time; it was later included in the spinoff of the broadcasting assets then owned by Shaw as [[Corus Entertainment]] in 1999. The controversy also resulted in an effective change to CRTC policy – if a foreign channel is already available in Canada and a new Canadian equivalent is subsequently licensed, cable providers are no longer required to drop the foreign service.