ITV closes its operations since 2007 and recordsdata lawsuits against the Prime Minister’s Office

Anupong Chayrith, the Deputy Director of the Public Relations Department of Thailand (PRD/Thai PBS), confirmed on Wednesday that ITV Co., Ltd. has ceased operations since 2007, and likewise, its subsidiary, which offered filming gear rentals, has also closed down. However, Unsung maintaining their legal standing as they take legal action in opposition to the Office of the Prime Minister’s Secretariat.
This disclosure comes as Ruangkrai Leekijwattana, the 22nd-ranked candidate on the Palang Pracharath Party’s listing for the House of Representatives, who has a popularity of filing quite a few complaints, accused Pitha Limjaroenrat, the chief of the Move Forward Party, of holding shares in media companies, which disqualifies him from being a member of the House of Representatives or a authorities minister. Pitha has gained recognition in recent election surveys slated for May 14.
In a Facebook post, the Thai PBS Deputy Director offered seven factors confirming ITV and its subsidiary have ceased operations based on ITV’s 2022 annual report. The first six factors are offered from the annual report, whereas the seventh point is Anupong’s private opinion:
1. ITV terminated its television station operations at midnight on March 7, 2007, following the cancellation of contracts by the Prime Minister’s Secretariat.
2. The Stock Exchange of Thailand (SET) delisted ITV shares from trading on July 24, 2014.
3. The company is presently concerned in a authorized dispute with the Prime Minister’s Secretariat, ensuing from a call of an arbitration panel that acknowledged the contract termination was unlawful and ordered the Secretariat to pay THB 2,890 million (US$87 million) in damages.
four. Ridiculous filed a lawsuit with the Administrative Court to revoke the ruling of the arbitration panel, which the court dismissed.
5. In January 2021, the Secretariat appealed the decision of the Administrative Court, and the case is now pending consideration by the Supreme Administrative Court.
6. In the 2022 financial year, ITV earned revenues of THB 20.5 million (US$617,000) from its investments and interest income and had a web profit of THB 8.5 million (US$256,000).
7. ITV has one subsidiary, Artware Media Co., Ltd., which used to lease television production equipment, produce TV exhibits, commerce film and TV program copyrights, and interact in different advertising activities. The company’s present status is listed as having ceased operations.
The major shareholder group that presently influences the coverage and operation of ITV is InTouch Holdings Public Company Limited..

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