New SBC-TV Owners Still Long Ways Off

Written by Pio Sioa
Monday, 22 October 2007
The bidding for new owners of the Samoa Broadcasting Corporation, has stalled about mid-way through the process, and it is unclear if it is still on schedule for a decision at the end of November. Public attention went into overdrive last weekend over media reports that a winning bid has been decided. “We’ve postponed the opening of bids,” is the terse response from senior government officials involved with the multi stage bidding process, when asked for an explanation. The privatization of the Government owned SBC, began several weeks ago with a call for expressions of interest from those interested in buying out the Government owned Corporation. The list of interested applicants was screened and eventually some of the bids did not crank up to expectations and missed the short listed cut. The process then moved into what is called the indicative bidding stage, where it has now stuttered to an undisclosed ‘postponement.’ If and when it starts up again, the bidding process should then move into what is called ‘due diligence’. This is the part where financial information and other related aspects to owning SBC are disclosed to the bidders, to help them revise their bids if they should decide to continue into the final stage. The serious biddings are scheduled for the first two weeks of November where the bidders submit their best and final offer to win the nod of approval from Government. Contrary to ‘media leaks’ there is still a whole month or more to go before the final decision is final. The recommendation by the Tender Board responsible for reviewing the bids will go to Cabinet where the final approval is made. The winning bidder will own the popular SBC-TV and SBC-Radio Station at Mulinu’u. Comments (0) Subscribe to this comment's feed Write comment Name Email Title Comment

< Prev		Next >

[ Back ]

Polls

--ADVERTISEMENTS--

Google Satellite Map of Eveni Carruthers

--ADVERTISEMENTS--

"Where the natives buy and sell"

--ADVERTISEMENTS--

Latest Comments

Manu Samoa In Tough Pool For 2011 World Cup
all the way

Manu Samoa In Tough Pool For 2011 World Cup
samoa god blezz all of each one of you for playing for our country

Deadly Catch For Fisherman
The poor fisherman who minded his own business while trying to get home to his family is assaulted a...

Manu Samoa In Tough Pool For 2011 World Cup
Having the World cup in NZ is the closest we will get to having the world cup near Samoa. We need a ...

To Err Is Human! To Suffer From That Same Err Is A...
10 to 12 deaths first year of RHD----

Social Network

Join the Newsline Team on Bebo

www.bebo.com/newslineS

Become part of the Newsline Bebo Network

Get News via your Email

Subscribe to Samoa Live News Headlines by Email

Get the Latest News on your Blackberry or PDA

Subscribe in a reader

Sounds from Samoa

Listen to broadcasts from LiveSamoa.com
Courtesy of Plantation Feet, SBC(540am) and
Radio Polynesia(99.9 FM)

http://www.samoalive.com/sliveradio.asx

Live on Weekdays from 8am to 9am

Have your Say

We want your Opinion

LETTERS TO THE EDITOR
If you would like to submit a letter for possible
publication in the print edition of the Newsline,
please send an email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

We want your News

Submit News from your Area
If you would like to submit News for possible
publication in both the online and print version
of Newsline please feel free to email us
at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Become a News Blogger
Have a passion for writing? Interested in
writing articles for Newsline? Email us
at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
We are looking for Bloggers from
around the world to contribute to our site.