The STAR figures

PUBLISHED : Sunday, 21 March, 1993, 12:00am
UPDATED : Sunday, 21 March, 1993, 12:00am

YOUR story (Sunday Morning Post, March 14) entitled ''Tricky times as STAR waits for pay TV'' contains some serious financial inaccuracies regarding STAR's expenditures.


I was quoted as saying the writer's figures, attributed to ''sources close to the company'', were nowhere near the actual figures.


In the interest of accuracy, I would point out that STAR TV and its related company, Media Assets, have drawn down less than 60 per cent of the committed capital of the shareholders to date, which sits at US$300 million for STAR TV and US$300 million forMedia Assets. ARNOLD TUCKER Executive vice-president STAR TV

 

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