Hong Kong's TVB: closer to the Middle Kingdom

TVB has been granted one of five broadcasting licenses in China, which should boost company revenue and bring its plan for expansion closer to fruition.

StockHouse LogoThe recent announcement by TVB 511 that it was revising downward its advertising rates for the coming year garnered most of the headlines and led to negative comments from analysts. However, news out of Beijing that the Company had been one of five foreign companies granted a broadcasting license should more than offset the shortfall in Hong Kong revenue. This, combined with news that TVB plans to launch a new PRC lifestyle and entertainment internet portal, places its Middle...

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