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Media business
Opening the Chinese media businessPosted by Jeremy Goldkorn, December 5, 2004 7:37 PM
Beijing Media Corp Last Friday, Hong Kong newspaper The Standard carried a report on proposed floatation and put the figure at "around US$100 million (HK$780 million)" which means that the Youth Daily moneymen are standing by their previous plans. From the Standard: It will be the first major state-run Chinese newspaper group to sell shares overseas. Meantime, the People's Daily is cheerleading the entry of foreign money into Chinese media with a story entitled: International media strive for "first bucket of gold" in broadcasting, film and TV The State Administration of Radio, Film and Television has recently released two regulations, which loosen restrictions on foreign capitals' entry into the broadcasting, film and TV industry. The management of the international media thinks the foreign capitals will quicken their steps in entering China's broadcasting, film and TV industry. The article talks about three high-profile deals, summarized below: Zhongying-Warner-Hengdian Film and Television Co. Viacom and SMG Sony and Zhongying The Hong Kong Standard's story about the Youth Daily is here. And now for the babes In preparation for the latest wave of foreign capital and influence, China's state-owned media copmpanies are getting ready for a more competitive environment. The most noticable effect of this has been the growing tendency of such organizations to post and print lots of pictures of attractive women: - The photoshopped image above is from North East News' gallery of "sports" babes. |
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Xujun Eberlein's Apologies Forthcoming: Hong Kong's Blacksmith Books has published a short story collection by Xujun Eberlein.
Princess Der Ling: Two Years in the Forbidden City: Two years in the Forbidden City is largely a reminiscence of the minutiae of life for one of history's most powerful women, by one of her court attendants, a Manchu noble's daughter by the name of Der Ling.
Carl Crow's The Long Road Back to China: In 1939 Carl Crow - an American journalist, advertising executive and author who had lived in Shanghai for 25 years until forced out by the Japanese - travelled up the Burma Road from Rangoon to Chongqing on assignment for Liberty magazine - 'the most interesting assignment I have ever been given'.
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