Gifts Under $30 Gifts Under $50 iPhone Emergency SOS Saves Man MyHeritage 'Time Machine' Guardians of the Galaxy 3 Trailer White Bald Eagle Indiana Jones 5 Trailer Black Hole's 1,000 Trillion Suns
Want CNET to notify you of price drops and the latest stories?
No, thank you

MTV Rival Net Plan Dropped

It seemed like a good idea at the time . . . but Warner Music Group, Sony Corporation Thorn EMI, Bertelsmann, Polygram NV, and Ticketmaster Corporation have decided not to take on MTV after all.

The group had planned to create a music channel for U.S. and Puerto Rico audiences. But the deal fell apart due to a complex set of circumstances. Most importantly, MTV, which is owned by Viacom, had raised concerns with Department of Justice officials over the prospect of competing with the companies that supply most of its videos.