The satellite radio industry in Canada could be facing some competition from a terrestrial broadcaster after a media source in Canada revealed a large Canadian broadcaster has been quietly testing the appetite for a rival for the XM and Sirius.

But… and there always seems to be a but, when these things occur; the broadcaster only has until Dec. 31, 2007, to launch its terrestrial radio subscription service.

CTVglobemedia had requested the Canadian Radio-television and Telecommunications (CRTC) extend their terrestrial subscription radio service licence until June of 2009. But they were only granted a three-week extension. It now seems unlikely that the new service will fly. But….. and there always seems to be a but in thise situations…

“We are still reviewing our options,” said Paul Sparkes, who is in charge of regulatory affairs for CTVglobemedia.

Talk Radio Nation will keep an ear out for developments…..