Hong Kong’s television advertising spend is forecast to continue shrinking over the next five years, losing out to spending on the internet, according to a latest report on the sector.
Asia Television was one of Hong Kong's two free television broadcasters. Established in 1957, it was the world's first Chinese television station but surpassed by its major rival Television Broadcasts in both company size and viewership. ATV’s reputation was badly damaged after its false report of former leader Jiang Zemin’s death on July 6, 2011. Its broadcasting licence expired on April 1, 2016.