Charles Chan Kwok-keung, the controlling shareholder of Galaxy Satellite Broadcasting, expects to sign up 250,000 to 300,000 subscribers in three years with a monthly tariff of less than $200 for the pay-television service. 'It's not impractical,' Mr Chan said. 'We only charge about $100 for 40 to 50 channels. It is cheaper than a newspaper subscription and you only get one newspaper for $180 a month.' Last week, Mr Chan announced he and multimedia electronics maker Ruili Holdings would buy a combined 51 per cent stake in Galaxy from Television Broadcasts for $350 million.