Hong Kong's struggling free to air broadcaster Asia Television (ATV) says that it has sold a 41% share stake to China Culture Media Group.
The Hong Kong government has appointed Leung Ka-wing to head RTHK, the government owned radio and TV broadcast group.
The Hong Kong government has cancelled the broadcast license of Asia Television, the territory's oldest free-to-air TV network group.
ATV announced news of the deal on its main evening news show.
Local telecoms tycoon poised for third time lucky shot at free to air network control
Three companies have made bids for a nearly 11% stake in Asia Television, Hong Kong's insolvent second free-to-air broadcaster.
Singaporean and Malaysian animation firms unveil cartoon licensing deals on first full day of Asian Television Forum.
New free-TV licenses were awarded to Hong Kong's two pay-TV platform operators. But the company which has been doing the most to break into the sector was denied a permit.
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