History
Before the launch of Food Network Canada, the American service, Food Network was available in Canada since 1997. Food Network became one of the more popular foreign cable channels available in Canada, which prompted the creation of a Canadian version of the American service, which would then be able to access ad revenue through commercials under Canadian Radio-television and Telecommunications Commission (CRTC) regulations.
The licence for Food Network Canada was approved by the CRTC in early 2000. The channel was launched in October of that year; on the day of the launch, the American service was removed from the list of foreign channels eligible to be broadcast in Canada.
On January 18, 2008, a joint venture between Canwest and Goldman Sachs Capital Partners known as CW Media bought Alliance Atlantis and gained AAC's interest in Food Network.
On October 27, 2010, ownership changed again as Shaw Communications gained control of Food Network as a result of its acquisition of Canwest and Goldman Sachs' interest in CW Media.
Read more about this topic: Food Network (Canada)
Famous quotes containing the word history:
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—G.M. (George Macaulay)
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—Henry David Thoreau (1817–1862)
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