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Media business
Beijing Media Corp. to acquire The Beijing News?Posted by Jeremy Goldkorn, May 12, 2005 6:35 PM
ChinaPR.com.cn is reporting rumors that Beijing Media Corporation is going to buy the newspaper The Beijing News (which launched in November 2003): According to revelations by a source, Beijing Media [Beijing Youth Daily's holding company] has started to acquire Chinese media companies, exactly as was stated in their prospectus before listing [on the Hong Kong stock exchange]. Beijing Media will acquire magazines and newspapers, but their focus will be on TV. The Beijing News is currently jointly-owned by the Guangming and Nanfang Newspaper groups. LINK: |
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