10
Control by Disqualified Persons
21.
It is recommended that
persons' provisions should be introduced.
Non-local Ownership
22.
no
'disqualified
a
No more than 49% of the voting shares of
licensee should be beneficially owned by 'non-local' persons, including companies (i.e. 'unqualified persons' defined in the Television (Amendment) Ordinance 1988) (See Enclosure).
Royalty
.
23.
(a)
(b)
The royalty imposed on the radio licensee should be charged on a sliding scale based on a
percentage of gross annual receipts of the licensee from radio advertising subject to a prescribed maximum flat rate.
The percentage of royalty payable shall be based on a sliding scale as indicated below
Gross receipts of advertising revenue
Rate
On the first $25m
29/
On the next $25m
On the next $25m
Exceeding $75m
4%
6%
8%
the gross
subject to a ceiling rate of 5% of the
receipts.
Licence Fee
24.
The licence fee should be $1,000 per annum.
No comments yet.
Private notes are available after approval.