The regulator OFCOM has awarded a second round of local TV licences - one of which will operate in Cardiff.
Made TV Ltd was chosen over one other bidder to run the service, which the company says will operate from 2013. It has also been awarded the licence to operate in Bristol.
The Cardiff channel will operate under the name 'Made in Cardiff', and will broadcast on digital terrestrial TV.
More top news
The Osprey was launched in June by a school in Maryland.
The blue badge parking scheme has been expanded in Wales from today and will now provide temporary badges to those who qualify.
Heavy rain for many parts today but it will begin to clear throughout the afternoon, making way for a dry and sunny Sunday.