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Tuesday, April 18, 1972
about majority local ownership and in respect of the issue of a proportion
of public shares in the companies. Both these requirements would have to
be met within a specified period of time.
It is also hoped that an announcement of awards of licences
might be made during the second half of 1973 although every effort will
be made to advance this date as far as practicable.
The Authority also stated that HKTVB would shortly be offered
a renewal of its licence for a further period subject to amendments to
meet proposed changes in the Television Ordinance and subsidiary legislation.
Rediffusion (Hong Kong) Ltd. will also be offered an extension
of their existing wired television licence (which expires on April 30, 1973)
until such time as the second wireless station goes on the air. Meanwhile
Government policy on the future of wired television in Hong Kong after the
expiry of Rediffusion's licence (including any extension to it) and in the
light of the decision to license two additional wireless television stations
is under consideration and an announcement on this will be made later.
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No comments yet.
Private notes are available after approval.