Japan’s TriAsia Group is in talks to acquire a majority stake in local television station TV3 and plans to broadcast Japanese-language shows, the television channel’s owner confirmed Wednesday. According to TV3’s owner, Khampun Keomony, revenues at the channel have been dropping, which prompted him to look for new investment. “We perhaps keep 20 percent… and give them an 80 percent share,” Mr. Keomony said. “We can say our income dropped by 80 percent…. If we don’t beef up our capital, we will not move forward because there are so many [TV] stations in our country now,” he added.
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