16 May 2008

Privatisation of Samoa public broadcaster almost complete

3:15 pm on 16 May 2008

Reports from Samoa say the privatisation process for Samoa's public broadcaster is close to an end, with the cabinet due to decide on the redundancy packages for the nearly 20 employees set to go.

The remaining staff are expected to continue working for the Samoa Quality Broadcasting company, which has won the bid for taking over the public television service and the FM radio station.

Our correspondent says the Ministry of Finance is due to be paid the full amount for the sale by next week as no downpayments have been made so far.

A source says the winning bid of 1.4 million US dollars was dropped to just under one million because the government decided to keep the AM radio station 2AP.