Next Media sells
Source: AFP |
April 16, 2013, Tuesday
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Print Edition
Print Edition
HONG Kong media tycoon Jimmy Lai's Next Media said yesterday it would sell its loss-making TV business in Taiwan to one of the island's cable news networks for NT$1.4 billion (US$46.8 million). Next Media said in a filing to the Hong Kong stock exchange that the deal with Era Communications, would allow the firm to "focus its resources on the group's profitable operations."
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