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Published on July 20, 2007

Punsak Vejanurug, chairman of capital-market education for the SET, will on August 1 replace Vichate Tantiwanich as chairman of Family Know-How, SET president Patareeya Benjapholchai said yesterday.

Vichate will shift to supervising a fund-raising centre.

Family Know-How will take over all of the media businesses under the SET: the Money Channel, radio, publishing and cable television.

The SET board also approved the establishment of a content centre to gather all information related to the SET and disseminate it through Family Know-How.

"We need to refocus Family Know-How's responsibilities, in order to get a clearer picture of all media under Family Know-How in distributing information to all types of investors and be able to evaluate its performance," Patareeya said.

Family Know-How's budget will be cut from Bt80 million a year to Bt50 million, because 35 of its 95 staff have been moved to a unit involved with investor-base expansion.

Family Know-How president Ratchapol Laovanitch said the company was preparing for the future Act governing radio and television stations.

It plans to apply for a broadcasting licence to manage its own television station instead of renting air time, he said.

Siriporn Chanjindamanee

The Nation