Chinese Television System
In 2006, The Legislative Yuan completed the third reading and approved the Statute Regarding the Disposition of Government Shareholdings in the Terrestrial Television Industry, paving the road for Taiwan Broadcasting System (TBS). After Liming Foundation donates Chinese Television System (CTS) shares to the PTS Foundation, TBS was formed as a result. In 2007, Taiwan Indigenous Television (TITV), Hakka TV, and Taiwan Macroview Television (MACTV) join Taiwan Broadcasting System, completed the structure of TBS.