Local broadcaster Teledifusão de Macau, S.A. (TDM) has renewed its public service concession contract with the government for a period of six years, Macau News Agency has learned.
The contract has been signed last week by Secretary for Transport and Public Works Raimundo do Rosário, as mandated by the Chief Executive, but has not been made public yet.
The six-year contract length contrasts with the previously 15-year period agreed in 2005.
MNA has learned that the overall terms are similar to the ones in effect in the previous contract.
TDM is legally a private company but it is wholly owned by the Macau SAR Government.
The public service broadcaster will see top management changes soon as the current chairman of the Executive Committee Manuel Pires is set to retire by the end of August, after six and a half years at the helm of the company.
The Chief Executive is expected to appoint a new executive head to take office on September 1.