TS News - Seven Network Buys Australia TV
TELE-satellit News, 10 July 1997
Seven Network Buys Australia TV
SYDNEY, Australia, 97/07/10 (TS) -- Australia's Seven Network commercial
TV network has bought the loss making Australia Television from the
Australian Broadcasting Corporation (ABC). The cost of the deal was not
disclosed. The new service was begun several years ago but recently faced
closure or severe cut backs as the government reduced the budget of the ABC.
Seven Network already runs Seven Network Asia, available in some nations
in the region, and the purchase of Australia Television will help the
broadcaster increase its influence in Asia, it said.
(c)TELE-satellit 1997. All rights reserved.
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