The Fair Trade Commission (“FTC”) penalized Dafeng TV Ltd. and DigiTai TV Ltd. (collectively referred to as the “Parties”) in its decision on Septemer 12, 2013, for failing to make a merger filing in advance.  The Parties, each having over 25% of the market share in the relevant market, jointly established an organization named “Dafeng Media” at the end of December 2012 and turned over the two companies’ decision-making powers and business operations to Dafeng Media, which has been operating the Parties’ business based on their common interest and subject to their common control.  The FTC found that as the Parties have refrained from competing with each other in the same market and the competition of the market is reduced as a result, the Parties should have applied (but did not) for merger approval from the FTC pursuat to Subparagraph 4 of Paragraph 1 of Article 6 and Subparagraph 2 of Article 11 of the Fair Trade Act.  The FTC imposed an administrative fine of NT$2 million on each Party.