FIJI TV MUM ON PNG STATION BUYOUT

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WELLINGTON, New Zealand (Radio New Zealand International, Dec. 16) – A bid by Fiji Television Ltd. to buy out Papua New Guinea’s EMTV in a multi-million dollar deal has reportedly been accepted.

Fiji TV’s news service reported last night that its chief executive, Ken Clark, visited Port Moresby three weeks ago but both he and EMTV remain tight-lipped.

However, it says sources within Fiji’s TV’s majority shareholder, the indigenous Fijian-owned Yasana Holdings, and the Fiji high commission in Port Moresby have confirmed that Fiji TV has been actively pursuing an arrangement.

An announcement is expected to be made at Fiji TV’s annual general meeting.

December 17, 2004

Radio New Zealand International: www.rnzi.com

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