Tom.com seeks HK's CETV stake. (World).Tom.com, the Hong Kong media company controlled by billionaire Li Ka-shing, is in talks with AOL-Time Warner to buy a stake in the U.S. conglomerate's Chinese television channel, Chinese Entertainment Television Broadcasting (CETV CETV Cash Equivalent Transfer Value (UK) CETV China Entertainment Television ). AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. and Star TV, Rupert Murdoch's Asian broadcaster, were granted the rights to broadcast in the southern Chinese province of Guangdong in 2001. CETV reaches an estimated 20 million homes in China. Tom.com, which last year sought a 33 percent stake in ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. , Hong Kong's number two broadcaster, but withdrew its bid after a tug of war tug of war n. pl. tugs of war 1. Games A contest of strength in which two teams tug on opposite ends of a rope, each trying to pull the other across a dividing line. 2. with Liu Changle, the man who controls Phoenix Satellite Television Holdings, is hoping that this deal will give them broadcasting experience. AOL is hoping that the infusion of cash will help CETV, which is losing money by the bucketful. |
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