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ATV is "DEAD", HK Government denied ATV license renewal!

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Source: The Standard

Images: The Sun

Youtube: Appledaily

 

 

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The Chief Executive in Council has refused to renew the license for the troubled broadcaster when it expires on November 30 this year, putting a final nail in the coffin for Hong Kong's oldest broadcaster.

 

The government yesterday notified ATV that it will be given until April 1, 2016, to operate with its spectrum revoked on the same date. Up to 700 employees will be made redundant.

The decision on the fate of the 58-year-old station came amid a 24-hour rollercoaster ride, with ATV announcing on air on Tuesday night that it had secured a "white knight" investor in HKTV's Ricky Wong Wai-kay. But Wong denied yesterday there was any such deal. Then came news yesterday morning of another mystery investor signing a deal with major ATV shareholder Wong Ching. But this investor is unlikely to push through with the transaction as the memorandum of agreement hinged on an ATV license renewal.

 

Secretary for Commerce and Economic Development, Gregory So Kam- leung said Exco had "considered all relevant developments and facts, including the news bulletin by ATV last night and the clarification from HKTV." He revealed that eight minutes past midnight yesterday he received a letter that "a few people had an indicative offer for ATV but there was no mention of a deal." He said the non-renewal decision was "well-deliberated" and that ATV was given enough time to submit its restructuring plan by Tuesday's deadline.

 

Accountancy firm Deloitte was appointed by the courts to oversee the station. In November, ATV requested leeway until the end of last month to give it time to develop a restructuring plan. On January 2, Deloitte asked the Executive Council not to make a final decision because of the ongoing restructuring. After seeking legal advice, the government gave ATV until March 31 to make its proposals. "By the deadline, no specific proposals were made by ATV on restructuring," So said. "The CE in Council also considered the request in the submission for the extension of the deadline and the information made available this afternoon, but was not satisfied that a sufficient case has been put forward to justify any further extension of time."

 

It is the first time in broadcasting history that an existing license was not renewed. So and Communications Authority head Ambrose Ho Pui-him warned that if ATV committed another serious breach of the law within the next 12 months, its license will be revoked immediately. The government will set up a task force to ensure the speedy resolution of various issues and to minimize any adverse impact of the non-renewal decision. The government has invited RTHK to provide an analogue TV service channel to give audiences one more choice from April 1 next year up to 2020. "For the spare spectrum, we will look at the entire situation and work according to Broadcasting Ordinance and spectrum policies to decide how to allocate them," So said. "Currently we cannot tell how we are going to arrange it." So said if ATV closes down before the scheduled timetable, RTHK will take over the service.

 

Calling yesterday "the darkest day in Hong Kong," ATV's major investor Wong Ching said he was not surprised by the license renewal failure. He attributed it to "a series of conspiracy and deception regarding the sale of the shares of ATV in these two years." He added it was "the price paid by a conscientious media station."

Edited by GTR

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Very surprised that ATV will lose their license and it sad that Hong Kong is going to lose an alternative to TVB . However I suppose there is still Ricky Wong's HKTV as an alternative to TVB so TVB for the time being can not monopolise the Hong Kong market.

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now TVB really has no competition...i feel bad for ATV hopefully soemthing better will come alongg

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such a sad sad news. atv used to do pretty well back then but idk what to them in the recent years :(. so pitiful

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finally......wondered how long it would take. though it's sad that atv is gone now after so many years of memories...but it's time for a new change and forward moving developments for hk tv industry

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Don't understand why Wong Ching do not sell the business. Which company will going to broadcast horse racing and Mark 6?

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wowwwwww. so crazy, it has been around for so long, even though it never really put out shows that many people watched, it's still pretty unbelievable that such a long standing company will be gone now

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Surprised they lasted this long. been years since anything good came from ATV.

But TVB needs competition cuz TVB's quality is going down also.

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So who will take over or become the next chief of the tv industry? How come ATV failing what when wrong?

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If only they'll give HKTV the license. Now there will only be TVB?? How unfair. No competition, the quality will just get worse...

 

 

There are 2 other licenses, not just TVB.

 

It is not sure if the other two will make dramas. Drama production is expensive plus lots of manpower required, which Hong Kong is lacking right now. Adding more drama productions by additional networks would only put more pressures.

 

Take a look at how HKTV's productions. They are not not much different than TVB's. HKTV can't even make enough to fill the prime time slots. How it is different than ATV (lack of home made programs to fill time slots). At this rate, HKTV is following ATV's foot steps.

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Sorry to hear that, I myself watch tvb only ,,,, may be because not too many people are watching vat that is why....

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Honestly, not that it mattered much. It was receiving minimal viewers for the longest years. Was hoping HKTV would do better, but apparently TVB is still dominating.

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I feel sorry for them...they used to have good shows. I guess competition is too fierce

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How unfortunate. With 1 less competitor TVB now have free reign ...

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I am sorry to say this, but I glad that the final nail has been put in the coffin. Because I once loved ATV so much, I feel so sad that it has degraded to such a state due to bad management. To see it deteriorate even more is too painful, I would rather see ATV end once and for all and let another company take its place at the start of a new TV era. But the memories of ATV's glorious past will always be with us.

 

Thanks for all the great classics you have given me, ATV. Thanks for "The Secret Battle of the Majesties", "The Fatherlands I, II & III", "Tie Rise and Fall fo the Great Wall", "Empress Wu", "Reincarnated (the original one)", "The Good Old Days", "The Snow is Red", "The Cruel Lover" and thanks for creating Ye Lut Ho Nam! May you rest in peace, ATV! RIP!!!

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It's time to put ATV out of its misery. It's clear that they can't recover. When was the last time ATV matched TVB's ratings?

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We all knew this would happen. Now that it finally happen, it's time to begin a new era. ATV had some great series. It's a shame that they didn't stay in competition with TVB.

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That's unfortunate to hear. I loved watching their old dramas when they still produced them. Although now they can't really do that.

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there should be more than major station. there should more choice to watch.

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still can't believe how it managed to survive this long

hktv to purchase it?? or something?

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So sad to see this happen. ATV has been so bad for many years.

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it's a shame, ATV had some very good series and programmes, they posed a threat to TVB to force TVB to change their program schedule to 'fight' against ATV. It's too bad when bad management made wrong decisions to push the company to an end.

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