You will be redirected back to your article in seconds

TCI backs Asian biz channel

Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite.

The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them are Asian partners Business News Network from Hong Kong (18%) and Singapore International Media (10%).

TVNZ spokesman David Nicholson said the service would be financed by advertising, which he said is growing in theregion by about 20% a year.

The channel will initially broadcast in English to business travelers and to private dish owners.

“As soon as possible after the launch, we are looking at getting dishes into businesses and government departments,” he said.

ABN will operate 18 hours weekdays and six hours Saturdays. In the early stages, transmission will be free to air and will provide a regular turnaround of Asian market trends and business news.

Company chairman Adam Singer, VP, international, for TCI, called Southeast Asia the world’s most economically dynamic region. “The region lacks the up-to-the-minute financial information and analysis which this dynamic entrepreneurial community needs for informed decision-making” he said.

The Palapa footprint covers 17 Asian nations from China in the North to Papua New Guinea in the South. Television New Zealand, which already provides a satellite service to its Pacific Island neighbors off its Intelsat transponder will manage the new service.

More TV

  • The Simpsons

    All the Thanksgiving TV Marathons You Can Binge This Weekend

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

  • '89 Blocks' Set to Kick Off

    TV News Roundup: '89 Blocks' Set to Kick Off Fox Sports Films 'Magnify' Series

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

  • The Chambermaid Ventana Sur Fest Traveler

    Ventana Sur Opens Shop for Latin American Film and TV

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

  • Nancy Lesser HBO

    HBO Exec Nancy Lesser Sues TV Academy Over Broken Pelvis

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

  • Ted Sarandos Harvey Weinstein

    Netflix Won't Host Golden Globes Party With Weinstein Company

    Asian business is not only news — it’s big money. That’s one reason why a major consortium is poised to launch a business channel on the Indonesian Palapa satellite. The Asia Business News service will be launched this fall by a consortium of Television New Zealand and Tele-Communications Inc., both with 36% shares. Backing them […]

More From Our Brands

Access exclusive content