Surang Prempree, commonly known as "Jae Daeng", is staging a return to the broadcasting scene, emerging as the owner of Chan 25 - one of the bidders for digital TV licenses.
Surang owns 99 per cent of the newly-established company's shares.
She was the former managing director of BBTV Channel 7 and had guided the channel's direction for 26 years until 2012.