Page 14 Advertisements Column 3

Press, Volume CXI, Issue 32522, 4 February 1971, Page 14

NAL 68-939 for TRESS” CLASSIFIEDS

AN INDEPENDENT “REGIONAL” Television Channel for Christchurch? The purpose of this advertisement is to interest a sponsor in the promotion of a Christchurchbased “regional” commercial television channel. The type of sponsor sought will see the project as a very worthwhile community service equally as being also a profitable commercial venture: Viewers Should Control Own Channel “Regional Television (Sponsors) Independent stations each Co.” is a syndicate formed to owned and controlled by those assist the establishment of in- living in its viewing area. We dependent "regional” com- are actively opposed to our mercial television channels in “second” channel being each of the four main Naw dominated by a consortium of Zealand cities. “vested interests" already wielding an almost frightening degree We believe our “second" TV of economic power In other channel should be o network of fields. Benefit* of Competitive Private-enterprise We believe, also, that a private- petitive free-enterprise, economic enterprise "second” television system has demonstrably channel can bring about the wrought in so many fields since almost limitless economic and the birth of the Industrial resocial benefit which a com- volution. A Community Service The channel we see as desirable flict with those of the viewers is one with a widely-spread the channel seeks to serve, shareholding amongst persons Editorial policy will bo living in its viewing area. Its established by an “independent* directors, although outstanding Editorial Board. In short: conin the commercial world, will trol will be exercised by those not represent commercial share- who see their duty as one of holders with interests in con- community service. A National Independent Net-Work “Regional Television (Sponsors) and other representative citizens. Co." has completed feasibility "Regional’’ independent chanstudies; and prepared detailed nets will operate best with establishment planning pro- national co-operation to minimise posals. It is satisfied that a common establishment and Christchurch Regional com- operational costs. And, also, to mercial channel can be operated establish a powerful bargaining on the principles set forth as base for programme purchasing, a profitable business. The Auckland company is thus anxious to establish working In Auckland a company has agreements with companies in been formed with the active the other main centres, support of leading local body Requirements For Sponsor "Regional Television (Sponsors) $50,000 each to give stability Co.” seeks a sponsor (or group to the company it is basic that of sponsors) to finance the no sponsor will have a conpromotion ot a public company trolling interest in the company, to establish the Christchurch re- Apart from a normal commercial gional station. (The estimated profit for the speculative nsk in share capital would be $1.5 financing the public company million). Although it is desir- the sponsors reward will be the able that a small number of satisfactions common to all investors should subscribe, say. eommunity-servica activities. t Exploratory Discussions Invited The "risk” finance should not Prospective sponsors wishing to exceed $14,000. It will be re- discuss the project, on an exquired to satisfy costs of re- ploratory basis, with the gistering the public company; syndicate are invited to contact issuing a prospectus for the the Syndicate solicitors. Their public share issue; advertising address is: MORRELL SMITH & and incidental expenditure; and CO.. Solicitors, Auckland Savings administration expanses. No Bank Building, Great South Rd. liability to Regional Television Otahuhu. (P.O. Box 22-086: (Sponsors) Co. (other than a Telephone OH 67-386). Enquiries iood d will <>« should be directed to the firm’s 'ncufrcd if ffie.Pubhc issue does principal Mr R. M. Smith, not proceed to allotment.