Thursday, July 06, 2006

ANTV acquires LaTV, TransTV buy TV7

In the latest move of broadcasting moguls, ANTV (partly owned by Ruppert Murdoch, controlled by Bakrie family) is reportedly acquiring majority stakes of debt-ridden LaTV (owned by Abdul Latief, former minister under Soeharto regime).

Meanwhile, Koran Tempo reported last week that TransTV (owned by Chairul Tanjung, Para Group) was in talk with TV7 owner Jacob Oetama (controlling shareholder of Kompas, the largest newspaper in Indonesia) for a possible acquisition.
If all these plans will materialize, Indonesia's TV industry will be more concentrated in several hands. Bimantara Citra (partly owned by Soeharto-linked families and groups) is currently own three TV stations (RCTI, TPI & Global TV).
Other TV stations are owned by Surya Paloh (Metro TV, Media Indonesia group), Mahaka (JakTV), some groups inc Soeharto family (SCTV) and Salim (Indosiar).

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