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Fijian Holdings Not Happy

Main shareholder Fijian Holdings Limited is not happy over yet another controversy involving struggling Fiji Television Limited. Fijian Holdings chief executive officer Nouzab Fareed said yesterday they were happy to
12 Oct 2014 09:18
Fijian Holdings Not Happy
Fiji TV’s management strategies is concerning its major shareholder, Fiji Holdings Limited Group.

Main shareholder Fijian Holdings Limited is not happy over yet another controversy involving struggling Fiji Television Limited.

Fijian Holdings chief executive officer Nouzab Fareed said yesterday they were happy to note that the recent fiasco surrounding  Fiji TV sharing International Rugby Board World Sevens coverage has been resolved. But they remain concerned about the company’s management.

Mr Fareed said: “We are not happy with the investment in Fiji TV because there have been so many issues with it. It needs to be better managed as well. It also made a loss last year and with these things we are not happy with this investment.”

Fijian Holdings Limited owns 56.87 per cent shares in Fiji Television Limited.

Mr Fareed said Fijian Holdings Limited was aware of issues that arose with the IRB Sevens Series and compliance with Fijian laws was important.

“The issue is that all rules of the land have to be followed. Initially there were issues but now we have been informed that it has been sorted out,” he said.

Government has been equally disappointed in the manner Fiji TV sought to exert influence over IRB and its partner agencies regarding complying with the Television (Cross – Carriage of Designated Events) Decree 2014.

The law requires all designated events to be aired on all free-to-air televisions in the country. There had been initial reluctance on Fiji TV’s part to share with FBC TV and MaiTV despite the cost-sharing formula set out by the Government.

After much perseverance by Attorney-General and Minister for Communications Aiyaz Sayed-Khaiyum, the matter was finally resolved. For the first time yesterday many more Fijians across the country watched IRB action live through one of the three free-to-air stations.

FBC TV has a larger broadcast footprint than Fiji TV. As a result people in rural areas were able to see the sevens through FBC TV where they did not get Fiji TV.

Fiji TV, under past governments and management, was given many advantages.

But the Bainimarama Government has worked to open up the broadcasting spectrum and to give more Fijians access to free-to-air TV and to top national events..

Feedback:  jyotip@fijisun.com.fj.

 



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