AUSTRALIA
Two Pay TV Licenses Awarded: The Australian government has awarded pay television licenses to two local telecommunications technology companies that were the high bidders, with offers totaling about $276 million. The winners are Ucom Pty. Ltd. and Hi Vision Ltd., which currently have no media interests. Unsuccessful bidders were New York-based media-entertainment company Time Warner Inc. and a consortium that included media magnates Rupert Murdoch, who heads News Corp., and Kerry Packer, who controls Australia’s leading commercial television operator, Nine Network.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
