April 7, 2012 – Hong Kong media mogul Jimmy Lai (黎智英), a pioneer of animated news, plans to sell his Taiwanese business after allegedly suffering huge losses on the operation’s TV branch, a report said yesterday.
Photo: AFP
The chairman of Hong Kong-listed Next Media Ltd (壹傳媒集團) has entrusted an unnamed investment bank with selling the business, which also includes the Apple Daily newspaper and Next Magazine, for US$500 million, the -Chinese-language China Times said.
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