User:Thomas Kong62704/Sandbox 4

The rises of YBN and Hoi Yeung TV
Before the creation of the third TV channel in the country, there are only two TV companies for transmitting countrywide, the one is government-owned MBS, and the one is private-owned KBC.

Mark Lee Yizung traveled to Gonghei in 1984 to ask ABS to create a new channel.

The bids of the auctions of third TV channel are:

As results, IBM and MIN's bids failed on the bid for the quality grounds, and YBN won on the bid.
 * Macrocosm Broadcasting Company (by founding its television division, later founded its cable channel Entervision)
 * Yizung Broadcasting Network by Mark Lee, ABS, and its local investors.
 * Independent Broadcasting Malit (by creating regionwide companies, the concept later borrowed by Hoi Yeung Television.)
 * Malitian Independent Network (MIN) by Hutchison Whampoa (later then-owner of Star TV), Wheelock & Co., and the local investors.