Mona Fung takes charge of TVB

Promoted from deputy chair; new job starts Jan. 1

DUBAI – The board of Hong Kong’s largest broadcaster Television Broadcasts Limited late Wednesday appointed Mona Fong managing director of the company, effective Jan. 1.

Already the broadcaster's  deputy chairman, Fong is the wife of Run Run Shaw, founder of Shaw Brothers, TVB's majority shareholder.

The move comes soon after TVB cut 7% of its work force, about 200 people, on Dec. 1, and Shaw Brothers called off its sale of its TVB assets, planned since May, citing tumultuous financial markets."
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