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This item was supplied by Jem Cullen of
ARDXC.
An item in The Sydney Morning Herald and on ABC news today, states that NTL
the company huge multinational company which, as part of its concern, operates the transmitters for many radio and TV stations in Australia (including ALL ABC txers) is in deep financial difficulties. Aparently the share price has dropped from US$90 about 2 yrs back to 44CENTS now! and they are about $1000 million dollars in debt. IT went on to say that this coming Friday, there will be debters meeting to try and restructure which will involve a "debt for equity" deal. SO ABC transitters will have a new owner, it seems. These Ttxers used to run in-house by the ABC, but as part of a massive restructure years back this was tranferred to teh Dept of Communications, then a special "Transmitter Authority" was set up to do the job. About 2 years ago,the Howard Govt. Sold them off to NTL, stating that their size and stability meant they had the resources to keep the ABC on-air indefinitely. Well thats what the report said...... **************************************************************************** Australian MW Group - For Australian & International Dxers http://members.optushome.com.au/onleydw/mwoz/ To subscribe send blank email to: mwoz-subscribe@xxxxxxxxxx **************************************************************************** |