Seven opts out of Asia

Part of move to focus on Oz free-to-air TV, cable

SYDNEY — The Seven Network has axed its Asian TV venture after losses hit almost AU$20 million ($10 million) over three and a half years.

The move is part of a scale-back designed to focus on Oz free-to-air television and cable. Kerry Stokes’ Seven acquired the pan-Asian Australian Television Network from the public Australian Broadcasting Corp. in 1997 but the switch to commercial failed.

A spokesperson said ad revenue was scarce for the web’s broad pan-Asian audience but it is awaiting a decision on a recent government call for tenders to provide an Asian service.

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