CBM TV - Termination of Contract

Termination of Contract

On 8 August 2003, Crown Castle (now National Grid Wireless) being the owner of the multiplex, terminated CBM's broadcasting contract, stating that CBM Media were having trouble "reaching strategic milestones", and "no movement had occurred in the channel's launch". Crown Castle then anticipated that the slot was to be filled up by timeshare broadcasters, each having a certain amount of time on air. This was abolished in April 2004, when the 24-hour shopping channel, Ideal World, filled the channel 22 spot.

After the collapse of the deal, CBM Media began considering its options, which included taking legal proceeding for breach of contract by Crown Castle and making a formal complaint to the Independent Television Commission on competition grounds, with a spokesman for CBM Media said that Crown Castle had "no valid basis for termination." Meanwhile, CBM Media persisted with plans to launch a new channel on Freeview, for launch in 2004. The channel would have been devoted entirely to sports, with the working title "Freesport". CBM had reached agreements with 12 national sports bodies for coverage of low profile sports such as rowing, swimming, badminton, canoeing, cycling and netball. Like CBM TV, nothing came of the plans.

Read more about this topic:  CBM TV

Famous quotes containing the words termination of, termination and/or contract:

    We hoped for a happy termination of this terrible war long before this; but God knows best, and has ruled otherwise.
    Abraham Lincoln (1809–1865)

    We hoped for a happy termination of this terrible war long before this; but God knows best, and has ruled otherwise.
    Abraham Lincoln (1809–1865)

    The way in which men cling to old institutions after the life has departed out of them, and out of themselves, reminds me of those monkeys which cling by their tails—aye, whose tails contract about the limbs, even the dead limbs, of the forest, and they hang suspended beyond the hunter’s reach long after they are dead. It is of no use to argue with such men. They have not an apprehensive intellect, but merely, as it were a prehensile tail.
    Henry David Thoreau (1817–1862)