Media business

Naspers stake in Beijing Media Corp: 9.9%

The South African business newspaper Business Day has more figures about Naspers and Beijing Media Corp:

Dual-listed media and entertainment group Naspers (NPN) announced on Monday that its subsidiary MIH will invest in the soon-to-be listed Beijing Media Corporation (BMC), a marketing and advertising sales vehicle for print media in China.   MIH will buy 9.9% in the initial public offering (IPO) of BMC, which will be floated on the Hong Kong Stock Exchange on December 22...

...BMC plans to raise approximately 677 million ... to 778 million Hong Kong dollars of new capital in the IPO.

Naspers said these funds were to be used to expand and grow the business into an integrated entity, taking advantage of the rapidly growing advertising market in China...

...Naspers has operations located in South Africa, Africa, Thailand, The Netherlands, Greece and Cyprus. In China the group also has interests in Internet group Sportcn while it has a 36% stake in Hong Kong-listed Tencent.

The Business Day story is here.

 
Danwei Model Workers
laomo2008fpA.jpg
Recommended blogs and new media
China Media Timeline
Major media events over the last three decades
Books on China
ALpostcardsfromtomorrow.jpg
Postcards from Tomorrow Square by James Fallows: James Fallows, China writer for The Atlantic magazine and popular blogger published his book Postcards from Tomorrow Square. Danwei runs an excerpt from his book of tales from China.
Raymond Zhou's X-Ray: Book excerpt: X-Ray: Examining the China Enigma by Raymond Zhou (周黎明). Zhou is a well-known Chinese film critic and culture writer, who has published many books in Chinese. The book, in English, is a collection of 99 essays written for the China Daily.
The best and worst China books of 2008: Access Asia rounds up the best and worst books published about China in 2008.
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Apathy -- Glimpses Inside the Chinese Media by Ann Condi (2006.12): What do people think when they are shown a tool to help them access off-limits sections of the Internet?
+ The General Administration of Anxiety about Radio, Film and TV (2006.08): 'Sanlian Life Week' contributing editor Wang Xiaofeng's short blog essay about the new rules issued by the State Administration of Radio, TV and Film (SARFT) that seek to control online video.
+ Putting animal protection in the dictionary (2006.10): Animal protection advocates in China are upset at definitions in the Xinhua Dictionary that refer to the tasty flesh of animals.
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main posts: All main page posts
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30