Media business

Siemens to abandon Net TV plans for China

From CNN:

Siemens to 'drop Web TV in China'

German industrial conglomerate Siemens AG may withdraw from the Internet TV market in China, a local newspaper reported on Friday.

Siemens has dismissed its team in charge of Internet Protocol Television in China, the Shanghai Securities News said, citing industry sources saying that it was a "failure" for Siemens after the company had lost a bid to cooperate in the launch of IPTV services in Shanghai...

...China's largest fixed-line company, China Telecom Corp., and Shanghai Media Group in September launched a joint Internet TV service.

Shanghai Media Group is the first company in China to receive a licence from Beijing to run IPTV...

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