2
3
Both TV stations also compete for advertising revenue with Hong Kong ommercial Radio, which has the controlling interest in to t
ctation, Commercial Television, due to start o tem. Tom. in a year or so. Commercial Radio too appears to ve been having problems judging by the economics ei effected on the news department and the decline in royalties to the Hong Kong Government, (based on a percentage of gross profits) which I heard recently in confidence, amounted to some $150,000 last year compared with $200,000 the year before.
Enc
DLSC: sf
cc HKIOD
FCO
DL Coombe
Information officer
COMMERCIAL-IN-CONFIDENCE
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