But they want their cake AND to eat it, too. They'll probably try to come up with a new service type, "Specialty National Network" and define that has having all the features of a regular "local content" off-air channel, plus all the features of a specialty cable channel.

And knowing the CRTC...

But I don't think they really care about traditional broadcasting. The executives would be more than happy to lose it entirely if they could get everything they have now while only having to provide a feed to satellite and cable companies.