Hong Kong's Asia Television, the world's first Chinese-language TV broadcaster, closed down a few seconds before midnight on Friday
The Hong Kong government is to suspend the broadcast license of deeply troubled free-to-air TV operator Asia Television (ATV).
Newscasts were halted on Saturday at Hong Kong's Asia Television after the company's ongoing crisis turned into a death spiral.
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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.
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Three companies have made bids for a nearly 11% stake in Asia Television, Hong Kong's insolvent second free-to-air broadcaster.
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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.