Hong Kong Television Network Ltd. (HKTV) is planning to cut 207 jobs, mainly in television content production, as it faces long-term challenges, the company said in a press release Friday.
The broadcaster, founded in 1992 by former City Telecom Ltd. chairman Ricky Wong, will be left with 385 artistes and backstage personnel after the shake-up.
The announcement is the latest move by the broadcaster after an unsuccessful attempt to win a free-to-air license in October last year.
On Friday, HKTV sought a judicial review against alleged contradictory policies by the government relating to the Broadcasting Ordinance
At the same time, it re-applied for a free-to-air license, offering three channels including a Cantonese integrated channel, an English channel and a 24-hour news channel.
It said it will invest HK$3.4 billion in the venture over six years.
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