Ricky Wong's dream of running television station ends in rejection
Ricky Wong's bid for a free-to-air station ends in anger and sadness, but industry experts say he never stood a chance against established players

Ricky Wong Wai-kay gambled his telecommunications empire on a four-year quest to become a player in the free-to-air television industry.

Wong's Hong Kong Television Network (HKTV) was the highest-profile of the three applicants for a free-to-air licence and the only one to miss out.
By last night, more than 240,000 fans had signed a petition on Facebook demanding Wong get a licence.
An insider at Wong's station said last night the company got the phone call informing it of the decision only 15 minutes before a government press conference.
No reasons were given and staff were "upset and angry".
But some industry experts said the decision to favour PCCW and i-Cable, established players in the pay television arena, was understandable.