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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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