Posted: 23 Jul 2010 Print Send a link
VOA News, 13 July 2010, Laurel Bowman: "CNC (China Xinhua News Network Corporation) is half-owned by private investors. Wu Jincai is the CNC chairman. 'A system financially backed by the government, in any country, is always a waste with problems of inefficiency. But in a market system its scale is adjusted,' Wu Jincai says. 'It creates a very good pattern.'" With video.
The Asahi Shimbun (Tokyo), 20 July 2010, Kenji Minemura and Ko Tanaka: "Another recent attempt to move into Western media occurred in June when the Washington Post announced it was putting its venerable but money-losing Newsweek magazine up for sale. Along with three U.S. media companies, an investment company made up in part by the Southern Media Group of China placed bids to acquire the weekly. A key person in the Chinese bid was Xiang Xi, the former managing editor of Southern Weekly, a magazine popular for its investigative reporting and calls for political reform. Southern Weekly is the flagship publication of the Southern Media Group. While the Washington Post did not comment directly, a source with the Southern Media Group said its bid was rejected because it was made by a Chinese company. ... A Chinese government official said: 'Now is our chance to move into overseas markets because Western media organizations are suffering from recession. There is a need to grasp the upper hand in creating international opinion in order to wipe away any negative image of a "China threat."' ... Yu Guoming, deputy dean of the school of journalism and communication at Renmin University of China, said: 'Creation in media and culture is totally different from material production. I do not believe a "state-produced media" will be readily accepted by advanced nations and there is the possibility of frictions arising.'"
Xinhua, 16 July 2010: "Television services from the Xinhua News Agency are accessible on Apple's iPhone and iTouch devices, Xinhua announced Friday. IPhone and iTouch users can watch Xinhua news, cartoons, financial information and entertainment programs around the clock after downloading applications from Apple's online store or iTunes Store. ... The latest move is mainly aimed at audiences abroad. Wu Jincai, chairman of China Xinhua News Network Corporation (CNC), the TV arm of Xinhua News Agency, said Xinhua would make more efforts to share quality news resources with global audiences through new media."