A Brief History of MNL
In November 1985 two local businessmen in a joint venture with the Nine Network of Australia obtained a license from the Government of Papua New Guinea to establish a television service. Media Niugini Limited was the name of the joint venture.
In December 1986 Bond Media bought a controlling interest in the Nine Network and consequently became a part-owner of Media Niugini Limited. After a careful assessment of Papua New Guinea and its potential, Bond Media accelerated development plans for Media Niugini Limited to establish a national service.
In July 1987 Media Niugini Limited commenced broadcasting through its national television service EMTV.
Following the insolvency of the Bond Corporation empire in 1990, Bond Media changed its name to Nine Network Australia Limited, with the late Kerry Packer as its major shareholder. Nine Network acquired 100% ownership of Media Niugini Limited.
In December 2004, Nine Network sold its interest in Media Niugini Limited to FijiTV. FijiTV is a publicly-listed company on the Fiji Stock Exchange. Fiji landowner company Yasawa Holdings owns a 51% controlling interest in FijiTV.