The Government Information Office (GIO) yesterday renewed the operating licenses of three terrestrial TV stations but threatened to revoke them should their shares be sold to foreign or Chinese investors.
The GIO conducted the third round of a review of the two-year licenses of Chinese Television System (CTS), Taiwan Television (TTV) and China Television (CTV) yesterday morning.
While all committee members agreed unanimously to renew the licenses, they resolved that the GIO should offer administrative guidance to the three stations in terms of the stations' digitization, program production, business operation and sales of shares held by political parties and the government.
Committee members also added a resolution that the GIO can rescind the licenses of TTV and CTV should the state or party shareowners sell their stakes in the companies to foreign or Chinese investors.
The Chinese Nationalists Party (KMT), through the party-run Hua-Hsia Investment Holding Co, owns a 65 percent stake in CTV and a 10 percent stake in TTV. The government owns 47.39 percent of TTV and 75.04 percent of CTS. The public's stake in the two companies long predates the Democratic Progressive Party (DPP) administration.
The KMT is required by the Broadcasting and Television Law (廣電法) to dispose of its stakes in CTV and TTV, as well as the Broadcasting Corp of China (BCC), the Central Motion Picture Corp, the Central Daily News and China Daily News by Dec. 26 next year.
The GIO plans to sell its stake in TTV, while CTS will be merged with four other publicly owned stations to create a single public television group by the deadline.
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