ATV set to broadcast boardroom bust-up
By Patrick Frater
Wed, 20 January 2010, 09:28 AM (HKT)
Expect a press conference today to be held in Hong Kong about the ownership of Asia Television, the territory's troubled No. 2 TV broadcaster. According to local reports, one of the owners Payson Cha is seeking to sell his share stake to a Chinese property tycoon. This follows numerous high profile executive exits, hundreds of redundancies and talk of the other major owner Tsai Eng-meng (pictured) reneging on an investment promise.
The apparent reason for the bust-up, ATV's inability to stem its losses, should serve as a reminder of the difficulties facing companies seeking a new free-to-air licence in Hong Kong. This week PCCW and its NowTV subsidiary became the third company to announce its intention to bid for a digital FTA permit.
Recent News Stories
- Sony Classics takes bite of Lunchbox
- Radius reaches out for Man of Tai Chi
- Webber to bring Colour to NZ
- Can India fulfil its film potential?
- India's multiplex maybes
- Fox Star to back Kashyap's Velvet
- Asian trio head for Paris Project
- Mili in Wuhan animation park pact
- Roadshow buys into Irresistible
- Third Window opens for Sake Bomb
- Badges gets worldwide jurisdiction
- Shanghai has action-packed competition
- American Dreams beds down in China
- Shenzhen shorts to travel the world
- Thailand: Good times, bad times
- Malaysia studio set to have regional impact
- Cannes deals update
- Kapadia to shoot Azeri tale
- Filipino festivals show funding flair
- NHK presents the future of film in 8K
- Dubai to host Cinematic Innovation Summit
- Varma promises urgent action
- Media Asia slate sells strongly
- Iceman defrosts at Cannes
- Kashyap to receive French honour
- Seven Stars forms Angel Storm
- So Young enters China's all-time top ten
- Rocket to fire in N America
- Japanese buyers grab Euro titles
- Directors' Fortnight denounces director
- Yen, Yeoh commit to Crouching Tiger prequel
- Bona profits slightly lower
- Why isn't Australia more part of Asian film?
- Pegasus rides with Z Storm
- Tanweer signs Relativity output deal
- Jeffrey Soong: Media Asia's Man on the Move
- Media Asia takes step In The Dark
- EMP to get Best of Yen
- Buyers burning for Firestorm
- Woo to deliver two-part Crossing