Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 12 May 1970


Mr Whitlam asked the PostmasterGeneral, upon notice:

What changes in (a) the beneficial ownership of the shares in television companies and (b) the memoranda or articles of association of television companies has he (i) been asked to approve and (ii) approved since his reply to me on 27th September 1968. (Hansard, page 1622.)


Mr Hulme (PETRIE, QUEENSLAND) (Postmaster-General) - The answer to the honourable member's question is as follows:

The attached statement contains details ot the applications made to the Minister since 1st September 1969 for approval of changes in the beneficial ownership of shares in companies holding licences for commercial television stations and changes in the memoranda and articles of association of such licensee companies.

 

Following the takeover by The Herald and Weekly Times Ltd of all the issued ordinary shares in West Australian Newspapers Ltd, The Herald and Weekly Times Ltd acquired a 44 per cent interest in TVW Lid. licensee of commercial television station TVW Perth. Because of its existing interests in licences for commercial television stations, the acquisition by The Herald and Weekly Times Ltd of this additional prescribed interest in a television licence amounted to a contravention of the relevant provisions of the Broadcasting and Television Act 1942-1969, and thus the transaction in relation to TVW could not be approved. Accordingly The Herald and Weekly Times Ltd has taken steps to divest itself of those interests which brought about the contravention,

 







Suggest corrections