Vietnam’s Ministry of Information and Communication has received Prime Minister’s approval for its plan to merge Vietnam Television Corporation (VTC) and Voice of Vietnam (VOV). The merger process will commence this month and completion of merger is likely to take a few years. The merged company will operate as a multimedia group that will include print media, television, radio and digital media.
According to Truong Minh Tuan, Deputy Minister of Information and Communication, the merger process would take a long time because VOV had not made specific merger plans including issues of assets and debts. This merger strategy is in line with the country’s development and management of national journalism by 2025. Under the plan, each ministry or each sector will have only one media unit, said Nguyen Bac Son, Minister of Information and Communication.
VTC revenue stood at USD149.5 million in 2014. It owns 15 channels and it provides digital terrestrial television, cable television, satellite television, internet protocol television and internet television. VTC has been managed by MIC since January 2014 while it was launched by Vietnam Multimedia Corporation in 2003. VOV is the national radio broadcaster and it was launched on 2 September, 1945.
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