CONFIDENTIAL
subject to a determined contestant cutting prices or
bidding high on royalties deliberately to get started.
2. He also argued that even if RTV (HK) were success-
the procedure would ful in securing a licence by tender they would not be take a very long time,
able to introduce the new service until about the
middle of 1974. This would mean that there would be no
period of at least
alternative channel to TVB for a
15 months.
3.
Mr Dennis spoke very frankly about the financial
position of RTV (HK) saying that the existing service
was barely breaking even and would certainly be run
at a loss from the beginning of 1973. Full account of
what he said follows by bag.
4.
Grateful for your views as soon as possible.
2
CONFIDENTIAL
(12803) Dd.643296 150m 8/69 G.W.B.Ltd. Gp.863 (13341) Dd.643727 200m 12/69 G.W.B.Ltd. Gp.863
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