By Shelley Shan / Staff reporterTaiwan Optical Platform Co’s (TOP) bid to purchase Eastern Television (ETTV) was rejected yesterday by the National Communications Commission (NCC) after considering the effect that the deal would have on the nation’s cable industry. Wang owns the Eastern Media International, which is the second largest shareholder of ETTV. Prior to the commission’s ruling, Eastern Media International had published advertisements in Chinese-language newspapers accusing it of planning to rule in favor of TOP. TOP also criticized Eastern Media International for spreading what it said were unsubstantiated accusations. “We do not appreciate that both TOP and Eastern Media International were trying to undermine each other’s credibility by running newspaper advertisements.

Source: Taipei Times May 31, 2017 16:16 UTC