Editing Run Run Shaw (section)

===Television Broadcasts Limited===

In 1967, he co-founded [[TVB]], the first free-to-air television station in Hong Kong, growing it into a multibillion-dollar TV empire with channels broadcast in 30 markets including the US, Canada and Taiwan, making it the world's largest producer of Chinese-language programs. Shaw took a greater interest in TVB after succeeding the deceased Harold Lee as its chairman in 1980. Shaw leased most of Shaw Brothers' filmmaking facilities to TVB in 1983. Under his chairmanship, TVB successfully launched the careers of international stars such as [[Chow Yun-fat]] and [[Maggie Cheung]], singers such as [[Leslie Cheung]] and [[Anita Mui]], and directors like [[Wong Kar-wai]]. In 2006, TVB had 80 percent of Hong Kong's viewers and 78 percent of the city's TV advertising market.<ref name="Birth date"/>

On 31 December 2011, Shaw retired as chairman of Television Broadcasts Ltd. at the age of 104 after more than 40 years at Hong Kong's biggest television company,<ref>{{cite web |last=Tong |first=Stephanie |date=8 December 2011 |title=Run Run Shaw to Retire as Hong Kong TVB Chairman at Age 104 |url=http://www.businessweek.com/news/2011-12-08/run-run-shaw-to-retire-as-hong-kong-tvb-chairman-at-age-104.html |url-status=dead |archive-url=https://web.archive.org/web/20120111050832/http://www.businessweek.com/news/2011-12-08/run-run-shaw-to-retire-as-hong-kong-tvb-chairman-at-age-104.html |archive-date=11 January 2012 |work=[[Bloomberg Businessweek]]}}</ref> after selling his controlling stake to a group of investors including [[HTC Corporation]] chairman [[Cher Wang]] and ITC Corporation chairman Charles Chan for HK$6.26&nbsp;billion in March.<ref name="Bloomberg">{{cite news |last=Chen |first=Lulu Yilun |last2=Lee |first2=Simon |date=6 January 2014 |title=Run Run Shaw, Father of Hong Kong's Movie Industry, Dies |url=http://www.businessweek.com/news/2014-01-06/run-run-shaw-father-of-hong-kong-s-movie-industry-dies-at-107 |url-status=dead |archive-url=https://web.archive.org/web/20140111080325/http://www.businessweek.com/news/2014-01-06/run-run-shaw-father-of-hong-kong-s-movie-industry-dies-at-107 |archive-date=11 January 2014 |access-date=2025-03-15 |work=[[Bloomberg Businessweek]]}}</ref><ref name="South China">{{cite news |last=Chow |first=Vivienne |date=7 January 2014 |title=Media mogul Run Run Shaw dies |url=http://www.scmp.com/news/hong-kong/article/1399612/media-mogul-run-run-shaw-dies-107 |archive-url=https://web.archive.org/web/20140107140137/https://www.scmp.com/news/hong-kong/article/1399612/tributes-legendary-movie-mogul-and-philanthropist-run-run-shaw-dies |archive-date=2014-01-07 |access-date=2025-03-15 |newspaper=[[South China Morning Post]]}}</ref> He was then named chairman emeritus.<ref name="WSJ"/> Shaw was one of the largest shareholders in [[Macy's]] after buying 10 percent of its preferred shares for US$50&nbsp;million when it was nearly bankrupt in 1991.<ref name="NYT"/>