'SCTV' shakes up board of commissioners

'SCTV' shakes up board of commissioners

The Jakarta Post, Jakarta

Following a change of ownership, PT Surya Citra Televisi (SCTV)
reshuffled on Tuesday its board of commissioners through an
extraordinary shareholders meeting, appointing Lt. Gen. (ret.) R.
Soeyono as the television station's new president commissioner.

The reshuffle follows multimedia firm PT Abhimata Mediatama
becoming the majority shareholder in SCTV's holding company,
publicly listed television and multimedia firm PT Surya Citra
Media (SCM), and the resignation of the broadcaster's former
president commissioner, Henry Pribadi.

Abhimata purchased 25 percent of SCM's total outstanding
shares from PT Citrabumi Sacna on July 21 for Rp 580 billion
(US$59.1 million), boosting its ownership in SCM to 80.86
percent.

In a media statement, Abhimata said the purchase reflected
Abhimata's continued confidence in SCM's business and prospects
in the media industry.

A survey by AC Nielsen ranked SCTV as third in audience share
for all telecast hours last year, after Indosiar and RCTI.

SCTV has at present 32 relay stations throughout the country,
covering 248 cities with some 158 million viewers.

Elsewhere, a shareholders meeting named Fofo Sariaatmadja,
Eddy Sariaatmadja, Agus Lasmono and Siti Hediati Hariyadi as
SCTV's commissioners and M.S. Budiarto as an independent
commissioner.

Soeyono has served as president commissioner in various
companies owned by PT Mahkota Teknologi -- Abhimata's parent
company -- for more than eight years.