From an article about China's TV business in Newsweek:

China may be late to the television age, but that hasn't dampened the drama of its arrival one iota. Almost overnight, the government has turned provincial TV stations—once essentially conduits for propaganda—into cash-rich conglomerates that compete with one another for viewers. Technology is eroding national monopoly broadcaster China Central Television's grip on what someday will become the world's largest media market.

Although there are no new facts or conclusions in the article, it's worth reading the whole thing if you're interested in the media business in China, despite its knee-jerk headline: 'One Billion Couch Potatoes'.

LINK:
Newsweek: One Billion Couch Potatoes