Taipei, Oct. 1 (CNA) Next Media Group said Monday it has signed a deal to sell its TV arm to the chairman of ERA Communications Co., a local cable and satellite TV company, and plans to axe hundreds of jobs in the process. Next Media Group Executive Director Cassian Cheung said in an internal statement to company employees that the group has signed a memorandum of understanding with ERA Chairman Lien Tai-sheng to sell Next TV Broadcasting Ltd. to Lien.
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