Government Information Office (GIO) Minister Pasuya Yao (
"We learned of this from the 2005 annual budget report by Hong Kong's TVBS board," he said.
Yao said the report stated that Hong Kong Bermuda TVB Investment Co Ltd, one of TVBS' subsidiaries, has increased its share of TVBS from 70 percent to 100 percent by purchasing more shares from Taiwan's Countless Entertainment (Taiwan) Co Ltd, and that the deal was completed on March 21.
TVBS is registered under the name of Liann Yee Production Co, of which Countless Entertainment Co is the major shareholder.
"I think this clearly shows that the TV station is a now completely foreign-owned company. If that is the case, the GIO is authorized to suspend all operation licenses for its four channels," he said.
Yao said the GIO would request TVBS to explain its circumstances tomorrow. He also posed four questions to the cable station yesterday.
He said the first question Countless Entertainment Co, and how a company with capital of only NT$1 million (US$29,800), could possess TVBS shares worth around NT$500 million.
Yao asked why the Countless Entertainment Co is located in the same building as the TV station, and speculated that the firm was a front.
He then asked how it was possible for Countless' president and Bermuda's president to swap, before finally wondering if TVBS' annual budget report was dependable.
Speaking on the sidelines of a campaign event yesterday, Premier Frank Hsieh (
On Friday, the GIO issued a NT$200,000 fine to TVBS for failing to report a change in its stock ownership when it applied for a renewal of its license earlier this year. The fine was issued after a TVBS talkshow alleged that a number of top government officials were corrupt, including former Presidential Office deputy secretary-general Chen Che-nan (陳哲男).
Yao denied there was any connection between the allegations and the probe into TVBS.
TVBS chairman Norman Leung's (梁乃鵬) background as former chairman of the Hong Kong Broadcasting Authority became the focus of Democratic Progressive Party (DPP) lawmakers, who complained that the cable station was actually a Chinese-sponsored station and was being taken advantage of by Beijing to create unrest in Taiwan.
TVBS spokeswoman Yeh Yu-chun (
"By law, foreign shares cannot exceed 50 percent of the company. That is what we are at now," she said.
Yeh said TVBS is now co-owned by the Taiwan-based Oriental (53 percent) and British Bermuda (47 percent).
Asked whether TVBS regarded the GIO's action as akin to "white terror" and a retaliation against its talkshow's allegations of official graft, Yeh said this was something that TVBS management would avoid thinking about.
"We still want to believe that truth and justice still exist," she said.
Meanwhile, Chinese Nationalist Party (KMT) Chairman Ma Ying-jeou (馬英九) said yesterday that if the government moved to kill off a cable TV station for exposing scandals involving the government, then the public would react in protest.
Ma said the funding issue was a legal problem and that the government should not "manipulate the law to satisfy its political desires."
The People First Party blasted the GIO for what it said was an attempt to shift public attention away from the Kaohsiung MRT corruption scandal.
EXPRESSING GRATITUDE: Without its Taiwanese partners which are ‘working around the clock,’ Nvidia could not meet AI demand, CEO Jensen Huang said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and US-based artificial intelligence (AI) chip designer Nvidia Corp have partnered with each other on silicon photonics development, Nvidia founder and CEO Jensen Huang (黃仁勳) said. Speaking with reporters after he met with TSMC chairman C.C. Wei (魏哲家) in Taipei on Friday, Huang said his company was working with the world’s largest contract chipmaker on silicon photonics, but admitted it was unlikely for the cooperation to yield results any time soon, and both sides would need several years to achieve concrete outcomes. To have a stake in the silicon photonics supply chain, TSMC and
‘DETERRENT’: US national security adviser-designate Mike Waltz said that he wants to speed up deliveries of weapons purchased by Taiwan to deter threats from China US president-elect Donald Trump’s nominee for US secretary of defense, Pete Hegseth, affirmed his commitment to peace in the Taiwan Strait during his confirmation hearing in Washington on Tuesday. Hegseth called China “the most comprehensive and serious challenge to US national security” and said that he would aim to limit Beijing’s expansion in the Indo-Pacific region, Voice of America reported. He would also adhere to long-standing policies to prevent miscalculations, Hegseth added. The US Senate Armed Services Committee hearing was the first for a nominee of Trump’s incoming Cabinet, and questions mostly focused on whether he was fit for the
IDENTITY: Compared with other platforms, TikTok’s algorithm pushes a ‘disproportionately high ratio’ of pro-China content, a study has found Young Taiwanese are increasingly consuming Chinese content on TikTok, which is changing their views on identity and making them less resistant toward China, researchers and politicians were cited as saying by foreign media. Asked to suggest the best survival strategy for a small country facing a powerful neighbor, students at National Chia-Yi Girls’ Senior High School said “Taiwan must do everything to avoid provoking China into attacking it,” the Financial Times wrote on Friday. Young Taiwanese between the ages of 20 and 24 in the past were the group who most strongly espoused a Taiwanese identity, but that is no longer
A magnitude 6.4 earthquake and several aftershocks battered southern Taiwan early this morning, causing houses and roads to collapse and leaving dozens injured and 50 people isolated in their village. A total of 26 people were reported injured and sent to hospitals due to the earthquake as of late this morning, according to the latest Ministry of Health and Welfare figures. In Sising Village (西興) of Chiayi County's Dapu Township (大埔), the location of the quake's epicenter, severe damage was seen and roads entering the village were blocked, isolating about 50 villagers. Another eight people who were originally trapped inside buildings in Tainan
RSS