Truth and dare: Chinese weekend paper rakes scandal-and bucks
Article Abstract:
The Nanfang Weekend, a Chinese provincial, government owned newspaper, has become the country's top selling weekend paper with its stories of bribes, exploitative city officials and the use of public money to pay for celebrations. The paper had net profits of 17 million renminbi in 1996 and expects 20 million renminbi in 1997. The main daily papers have been under pressure to become profitable, but they are hampered y political constraints, limiting their commercial appeal. Producing additional titles such as the Nanfang Weekend, which is an offshoot of Nanfang Daily, is a way round the obstacles.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Going public: the market is hungry for press shares
Article Abstract:
Indian investors have eagerly bought shares of newspaper and magazine publishers and look poised to purchase The Hindustan Times' 25% equity float in Oct 1995 for some 1 billion rupees, or $32 million. The Dalal Street Investment Journal floated 40% of its equity in 1994 for 500 million rupees, and Sandesh sold 30% of shares for 198.5 million rupees. However, the industry's titans remain opposed to letting foreign publishers entrance into the market, despite the presence of broadcasters from overseas.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Chasing Australia's jewel
Article Abstract:
Rupert Murdoch and Kerry Packer are in competition to acquire John Fairfax Holdings, the Australian newspaper publisher. The acquisition would make Murdoch the leading Australian business, and would enable Packer to achieve an ambition on behalf of his late father. The Australian government is discussing how to review legislation covering media ownership, which could result in either Packer or Murdoch winning the battle for Fairfax.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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