{
  "id": 14663516,
  "title": "CTF Media eyes events expansion as traditional TV and broadband growth stagnates",
  "url": "https://urgent.news/2026/10/15/ctf-media-eyes-events-expansion-as-traditional-tv-and-broadband-14663516",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T09:41:23.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/news/hong-kong/society/article/3371022/ctf-media-eyes-sports-expansion-traditional-tv-and-broadband-growth-stagnates"
  },
  "original_language": "en",
  "account": "CTF Media and Entertainment, a Hong Kong TV broadcaster, plans to broaden its focus to include events, sports, and e-commerce as traditional TV and broadband growth stalls. The company, owned by the family of tycoon Henry Cheng, recently unveiled a new logo and announced its five core business areas: event organization and investment, celebrity merchandising, integrated market solutions, broadband and television. CEO Ivy Wong stated that the company is looking to develop new business models in all areas. Wong noted that the company's traditional sectors are not seeing significant growth due to stable internet and television audiences. As a result, the company will continue to focus on its core sectors while expanding its presence in events and related industries. The government recently renewed CTF Media's free-to-air television license for 12 years, with a minimum investment of HK$950 million, lower than its competitors TVB and HK Television Entertainment. Wong revealed that the company would maintain its focus on television and events, while seeking to expand its presence in these areas. The new license also required the broadcaster to air more English-language and national education content, a requirement that Wong sees as aligning with the company's strategy of promoting Hong Kong's story to foreign audiences.",
  "summary": "CTF Media and Entertainment, formerly known as i-Cable Communications, plans to expand its focus into the sports economy and entertainment as its traditional television and broadband businesses stagnate. CEO and executive director Ivy Wong Nga-fan has identified five core pillars for the company's future: broadband and television, event organisation and investment, integrated market solutions, celebrity merchandising, and e-commerce. According to the South China Morning Post, the company is controlled by Chow Tai Fook Enterprises.\n\nThe company's subsidiary, i-Cable HOY, recently had its free-to-air television licence renewed by the government for 12 years. The South China Morning Post reports that i-Cable HOY pledged an investment of HK$950 million (US$121 million) for the first six years of this renewed period, which was the lowest amount among the three licence holders.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post - Hong Kong",
        "title": "CTF Media eyes events expansion as traditional TV and broadband growth stagnates",
        "url": "https://urgent.news/2026/10/15/ctf-media-eyes-events-expansion-as-traditional-tv-and-broadband",
        "published": "2026-10-15T09:41:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}