Abstract:
To conduct a comparative analysis pertaining to the amendment process of ITV concession before and after the change of the shareholders from Siam Infotainment Co., Ltd. to Shin Corporation Co., Ltd. The study, this analyze the relationship between political power and profit-seeking business. The study finds that, before the change in the shareholder structure, monopolists attempted to amend the concession in order to seek monopoly rent. Due to an extraordinary high degree of potential profit from concession-related business and high competition to win concession rights, the winner has offered a high return to government, leading to the companys financial loss. There fore, within 2 years of operation of ITV there have been an attempt to amend the concession contract, though not fully successful according to the intervention objective. However, comparing to the period after the change in the shareholder structure, the new group, which has taken control of the management of ITV, as well as setting the political power, has been successful in concession amendment, which results in the decrease in the concession cost and change in the broadcast schedule through arbitration. There fore, The case of ITV, illustrates the relationship between political power and business benefits.