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Higgins, John M.. "Nashville Net closes CMT acquisition deal. (Nashville Network; Country Music Television)(Finance)." Multichannel News. NewBay Media LLC. 1991. HighBeam Research. 2 Nov. 2012 <http://www.highbeam.com>.
Higgins, John M.. "Nashville Net closes CMT acquisition deal. (Nashville Network; Country Music Television)(Finance)." Multichannel News. 1991. HighBeam Research. (November 2, 2012). http://www.highbeam.com/doc/1G1-10392128.html
Higgins, John M.. "Nashville Net closes CMT acquisition deal. (Nashville Network; Country Music Television)(Finance)." Multichannel News. NewBay Media LLC. 1991. Retrieved November 02, 2012 from HighBeam Research: http://www.highbeam.com/doc/1G1-10392128.html
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Nashville Net Closes CMT Acquisition Deal
Gaylord Broadcasting and Group W Satellite Communications, which jointly operate The Nashville Network, closed on their acquisition of Country Music Television, paying more than $30 million for the music video network.
Unlike their arrangement for TNN -- in which Gaylord and its Opryland USA owns the network and Group W is paid to handle advertising and affiliate sales -- the two companies will be partners in CMT. One Group W executive said Opryland owns a two-thirds stake, and Group W the remainder.
CMT was sold by a group led by radio station owner Robert Sillerman and record producer James Guercio, who have …
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