Green Machine
First Grade
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Interesting figure they came up with for the TV rights. I wonder how much the NRL currently receives for broadcasting rights into PNG. I found this article on the sale of EM TV in 2004. PBL sold it for the grand total of $2m:
http://www.abc.net.au/news/newsitems/200412/s1267994.htm
Last Update: Friday, December 17, 2004. 7:13pm (AEDT)
PBL sells PNG television station
Papua New Guinea's only television station has been sold by its owners, the Australian media company Publishing and Broadcasting Limited (PBL).
Fiji Television has bought EM-TV for around $2 million.
After a tender process that was said to include interest from landowner and logging companies, EM-TV was sold to Fiji Television in a deal signed this morning.
Fiji TV will take control of EM-TV's parent company, Media Niugini Limited, although the sale is still subject to regulatory approval.
It is understood continuing financial difficulties at the PNG station led to PBL's decision to sell.
PBL owns Australia's Nine Network.
Fiji Television owns Fiji's only TV station, Fiji One, and is setting up a South Pacific pay television service.