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Indonesia’s ANTV keen to compete

New CEO Kumara joined the web this month

Private broadcaster ANTV is determined to raise itself from its lowly eighth place among the nation’s 10 private free-to-air channels — and the fact that Rupert Murdoch’s News Corp. acquired a 20% stake in ANTV in October can’t harm that ambition.

ANTV also has a new CEO, Alex Kumara, who joined the web this month.

The former No. 1 man of RCTI, the oldest and currently the top web, Kumara helped found Trans TV and moved on to SCTV before joining pubcaster TVRI.

Set up in 1993, ANTV has always been short of funds and has never reached the top five.

While a 20% foreign stake is the maximum allowed in a media enterprise, there are no restrictions when it comes to boosting the web’s holding company.

PT Capital Management Asia Indonesia is ANTV’s major share-holder. The web’s director is Anindya Bakrie.

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