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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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Im so sad I love ATV series. although they havne't made much series in the recent years. All their series was really good! prefer them more then TVB.

:(

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this is end of the tvb and atv era and the begining of tvb vs hktv.

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i feel so bad for ATV. i think with some more time and talent, they can make it. hopefully something can change for them. wish the the best during such a trying time.

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FINALLY! but don’t understand why the deal between HKTV and ATV didn’t work out.....probably, ATV shareholders are a greedy lot!

I preferred their show to TVB the best!

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wow....what a shock...i never watch their drama, only a few back in the 90s....but then still surprised that they are really going to disappear....how sad....why? why? why?

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wow what a game-changer, i remember watching a few ATV shows and now they dont get their license renewed???

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this is indeed a sad news, given ATV was the first Hong KOng TV Station

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R.I.P

 

There was a time when they had some good shows, but the hadn't done much for years. I saw this coming years ago, they were always in some type of financial crisis.

 

I hope the new free TV station has some interesting things to offer...It's owned by a rich rich LI family...

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ATV had produced some very good drama. I remembered watching the Yang family saga, date with a vampire and many more. Sad that the high management don't know how to manage a company.

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kinda saw this coming ..

it's very hard for ATV with such a strong competitor like TVB.. and now HKTV..

 

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What a joke, why can't HKTV have the licence now that ATV is out of the picture?

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wow i feel bad for atv. 56 years and the gov't cant renew their license. sounds like crap

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All I can say is "finally". They should've done this long ago. Over the past months, the morning radio shows have been broadcasting ATV's scandals like a soap opera, and I'm glad it's over. I hope their workers, who just got their long due salaries back, will find a better employer in the future.

Edited by minchi

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It is very sad that the first TV station in HK will cease its operation. Hope that all its employees could be reemployed by the other stations. Good luck to all.

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This is sad news, I liked a lot of their series, the old school ones at least.

 

This is sad news, I liked a lot of their series, mostly the old school ones at least.

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feel so sorry for ATV employees, must be very devastating without jobs and income... :95: :24: HK & China government should do something for this big entertainment company.

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TVB is now official a monopoly in Hong Kong, soon people in HK will force to watch TVB only which the need to change channel.

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...i really don't understand the tv business in hk and all these licensing issues.

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It is a shame that ATV is still alive today.En unorganized tv station is not worth to hold a tv licence.

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The saga has been long and I'm glad they reached a resolution, regardless of the outcome.

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No renewal for ATV, no tv licence for HKTV, only free tv station in HK now is TVB. :S

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