(January 3, 2006
- Hong Kong) i-CABLE Communications Limited (i-CABLE) has
implemented a package of corporate re-organisation and programming
initiatives to further enhance its competitiveness and to
facilitate its further expansion in the market.
Details of the
corporate re-organisation was announced by Chairman &
Chief Executive Officer, i-CABLE Communications Ltd., Mr.
Stephen T.H. Ng, at a ceremony celebrating the launching of
new-look CABLE TV news and movie platforms.
rationale behind the re-organisation, Mr. Ng said, "Our
Group has built a successful Pay TV business in Hong Kong
around unique channels and programmes which we ourselves produced.
We are now ready to enter the next phase of our development.
"To this end,
we are pleased to announce our re-organisation which is designed
to facilitate the development of new markets and revenue streams
for our channels and programmes, as well as to better position
ourselves to respond to changing market needs," Mr. Ng
Taking effect on
January 1 this year, the re-organisation involved the formation
of three wholly-owned operating subsidiaries -- i-CABLE News
Limited, i-CABLE Sports Limited and i-CABLE Entertainment
Limited, grouped under i-CABLE Media Limited.
and i-CABLE Sports will henceforth operate our news and sports
programming platforms, respectively; they will be headed by
Mr. Ronald Chiu. i-CABLE Entertainment will operate our entertainment
platform and will be headed by Mr. Siuming Tsui," Mr.
In addition to
catering to the needs of their primary customer, i.e. Hong
Kong Cable Television Limited, these new companies will also
explore new customers, new business opportunities and new
revenue streams more proactively, Mr. Ng said.
is intended to make our various operations units more focused
on their respective tasks. It will enhance the role of the
three TV channel operations as individual content providers,
increase their flexibility in drawing up their own market
and business strategies for further expansion of our content
services to other markets," said Mr. Ng.
The new structure
adds a new dimension to the Groups potential markets by leveraging
on the Group's content production capability, which has always
been one of the group's many strengths, he said.
re-organisation, the Group as a whole will emerge more robust
in meeting new challenges," Mr. Ng added.
ceremony today also marked the re-launch of CABLE TV's premier
news and movie platforms, showcasing highlights of new contents
and programmes that will further enhance the strengths of
the two platforms respectively as the most comprehensive news
& information provider and the strongest movie empire
Cable News 1 and Cable News 2 become Cable Finance & Info
Channel and Cable News Channel respectively to more accurately
reflect the sharper focuses and expanded coverage of CABLE
TV's news channels.
Cable News Channel
(Ch. 9) brings to viewers round-the-clock professional newscasts
with full coverage of local and international breaking events
while Cable Finance & Info Channel (Ch. 8) focuses on
the most up-to-date financial information during trading hours,
with analyses that decode the trends of the markets, and supplemented
by documentaries and current affairs programmes during non-trading
Live News Channel
(Ch. 10), meanwhile, carries major news events such as important
press conferences and Legislative Council meetings in full
as they happen and Cable Top News Channel (Ch. 7) lets viewers
catch up on major breaking news quickly with condensed 10-minute
Together with the
Hong Kong Traffic Channel (Ch. 4), Kowloon Traffic Channel
(Ch. 5) and the Weather Channel (Ch. 6), the seven-channel
core and other news and public affairs channels make CABLE
TV's news and information platform the strongest and most
comprehensive in town.
CABLE TV's news
team also received the annual Chairman Award for outstanding
performance during the WTO period in the ceremony today. The
non-stop coverage on Cable News, spanning over three channels,
has kept members of the public, Government and private institutions,
informed on events both outside and inside the meeting venue
during the week-long conference.
On the movie side, a round-the-clock channel dedicated to
Hollywood movies, HMC (Ch. 40), is officially launched on
CABLE TV's basic package today, showcasing such blockbusters
as The Recruit, Analyze That, Hot Chick, Bruce Almighty, About
Schmidt, The Princess Diaries, Resident Evil: Apocalypse,
Ghost Ship, Danny the Dog, Willard, Bad Boys II, Amityville
Horror, The Matrix Reloaded, Seabiscuits, Final Destination
2, Cradle 2 the Grave, The Matrix Revolutions and Big Fish.
Cable Movie 1 (Ch.
41) will be dedicated to the exclusive broadcast of star-studded
big-budgeted local hits including Kung Fu Hustle, Hero, Eye
10, Seoul Raiders, Seven Swords, Lost in Time, Naked Ambition,
Golden Chicken 2, Fantasia, Itchy Heart, Everlasting Regret,
Initial D, Wait 'Til You're Older, Throw Down, SPL, and Cat
Cable Movie 2 (Ch.
42) will be showing the best selection of highly-acclaimed
quality Asian and international top box-office productions,
with titles including Untold Scandal, Crying out Love in the
Center of the World, Hana & Alice, Over the Rainbow, Heaven's
Bookstore, Clean, My Brother, Lizard Woman, Mean Spirit, Tom
Yum Goong and Love, So Divine.
For further information,
please contact :
Mr. Danny Lo
Senior External Affairs Manager
Tel : 2112 6916 E-mail : email@example.com