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Friday, August 31, 1973
TVB'S LICENCE EXTENDED
The government announced today that the licence issued to
Television Broadcasts Limited will be valid for a period of 15 years from the date of the coming on air of the second wireless television licensee,
subject to satisfactory renewal in 1980.
This brings the period of validity of TVB's licence into line with the licences to be issued to the two new wireless television companies.
The 15-year term of the licences which will be issued to the two new television companies will be subject to a mid-way review at the end of 1980 and, subject to satisfactory service, the remainder of the 15-year licence
term will be confirmed at that time.
TVB's new licence will also be subject to satisfactory renewal on
the same date.
This will enable not only the individual performances of each
licensee to be examined but also the overall pattern of television progress
in Hong Kong to be reviewed.
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