MCOT and Bangkok Entertainment will meet next week to negotiate the concession renewal fee for TV Channel 3.
Bangkok Entertainment has offered Bt2 billion for the 10-year extension from 2010-2020, but MCOT considered the figure too low, MCOT chairman Surapon Nitikraipoj told the shareholders'meeting yesterday.
The concession will not be renewed until the fee is agreed upon, he said.
Bangkok Entertainment is a subsidiary of BEC World, the operator of Channel 3.
Surapon also told shareholders that MCOT recently amended True Visions' concession to allow the cable operator to air commercials for six minutes per hour. That is in line with the Broadcasting Act of 2008, which allows all cable TV stations to earn income from running commercials.
True Visions will pay MCOT 6.5 per cent of its commercial revenue.
MCOT also asked True Visions to pau compensation for showing commercials prior to the concession amendment as well as for delisting from the Stock Echange of Thailand.
True offered Bt79 million, but as MCOT was not satisfied, next week they will discuss the figure.
MCOT shareholders approved the appointment of Thanawat Wansom as the company's president. He will take office on September 1 and serve for four years. Thanawat's mission is mainly restructuring, as MCOT is earmarked to be a modern media company but the organisation remains a state enterprise.
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