FRIDAY, JUNE 16, 1989
7
IN
"UNDER THE TELEVISION ORDINANCE, HOWEVER, THE PRESENT RESTRICTIONS ON CROSS MEDIA OWNERSHIP PREVENT PERSONS OR COMPANIES WITH CERTAIN SPECIFIED MEDIA-RELATED INTERESTS FROM HOLDING OFFICE OR BENEFICIALLY OWNING MORE THAN 15 PER CENT OF THE VOTING SHARES A TELEVISION LICENSEE, HE SAID.
**
OF
8ILL, IT
UNDER THE TERMS OF THE TELECOMMUNICATION (AMENDMENT} IS PROPOSED THAT PERSONS OR COMPANIES WITH SUCH MEDIA-RELATED INTERESTS SHOULD BE ABLE TO OWN UP TO 35 PER CENT OF THE VOTING SHARES OF A RADIO LICENSEE, EXCEPT THAT A RADIO LICENSEE IN HONG KONG WILL STILL BE LIMITED TO A 15 PER CENT SHAREHOLDING IN ANOTHER RADIO LICENSEE.
BY
FOR RADIO, PERSONS
WHO
"SIMILARLY, UNDER THE PRESENT REGULATORY FRAMEWORK THERE ARE NO SPECIFIC RESTRICTIONS ON SHAREHOLDINGS FAIL TO SATISFY LOCAL RESIDENTIAL REQUIREMENTS.
CENT ON
THE
WHO
HOLD
"THE BILL PROPOSES IMPOSING A LIMIT OF 49 PER AGGREGATE SHAREHOLDING WHICH 'UNQUALIFIED' PERSONS (I.E. PERSONS DO NOT SATISFY CERTAIN HONG KONG RESIDENTIAL REQUIREMENTS) MAY IN A RADIO LICENSEE.'
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THE
THE TELECOMMUNCIATION (AMENDMENT) BILL ALSO PROPOSES IMPOSITION OF A TEMPORARY RESTRICTION ON THE DISPOSAL OF SHARES OF A 'RADIO LICENSEE.
UNDER THE BILL, NO MORE THAN 15 PER CENT OF THE VOTING SHARES OF LICENSEE CAN BE TRANSFERRED WITHIN THREE YEARS OF THE LICENCE BEING GRANTED EXCEPT WITH THE CONSENT OF THE BROADCASTING AUTHORITY.
"THIS IS TO ENSURE THAT PERSONS WHO MAKE AN APPLICATION FOR A LICENCE WILL SHOW LONG-TERM COMMITMENT TO THAT APPLICATION AND ARE NOT ABLE TO DISPOSE OF THEIR INTERESTS AT WILL ONCE A LICENCE HAS BEEN GRANTED, SAID THE SPOKESMAN.
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A NUMBER OF THE OTHER NEW PROVISIONS SIMILAR PROVISIONS APPLICABLE TO THE TELEVISION TELEVISION ORDINANCE.
IN THE BILL FOLLOW LICENSEES UNDER THE
THE PROVISIONS PROPOSED IN THE BROADCASTING AUTHORITY (AMENDMENT) BILL EXTEND THE POWERS AND FUNCTIONS OF THE BROADCASTING AUTHORITY TO MATTERS RELATING TO RADIO BROADCASTING,
THE
ARE THESE POWERS AND FUNCTIONS
SIMILAR TO THOSE WHICH BROADCASTING AUTHORITY HAS IN RELATION ΤΟ TELEVISION BROADCASTING THROUGH THE TELEVISION AND THE BROADCASTING AUTHORITY ORDINANCES.
THEY INCLUDE ISSUING CODES OF PRACTICE AND DIRECTIONS ON PROGRAMME, ADVERTISING AND TECHNICAL STANDARDS, CONDUCTING INQUIRIES
THE INTO
REVOCATION OF LICENCES WHEN SO DIRECTED BY THE THE PUBLIC ABOUT GOVERNOR-IN-COUNCIL, INVESTIGATING COMPLAINTS FROM 'PROGRAMMES AND OTHER MATTERS
IMPOSING FINANCIAL PENALTIES FOR CONTRAVENTIONS BY A LICENSEE OF STATUTORY PROVISIONS, DIRECTIONS CODES OF PRACTICE OR LICENCE CONDITIONS.
AND
MEMBERS OF THE PUBLIC WHO WISH TO COMMENT ON THE TWO BILLS SHOULD WRITE TO THE SECRETARY FOR ADMINISTRATIVE
AND SERVICES INFORMATION, 1ST FLOOR, CENTRAL GOVERNMENT OFFICES, LOWER ALBERT ROAD, CENTRAL OR OMELCO, 8 JACKSON ROAD, HONG KONG.
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