Taiwan's First Net-Only Newspaper Closes
Published:
24 February 2001 y., Saturday
Hong Kong-listed media company, Next Media Ltd, has confirmed it is in talks with failed Internet-only newspaper, The Tomorrow Times of Taiwan.
The Tomorrow Times ceased operating from Wednesday, according to local media reports. The news service closed down, not able to find new funding and a self-confessed victim of a mistimed entry into the online media market. The newspaper reportedly has almost 300 employees. Reports from Taiwan suggested Next Media may be interested in acquiring The Tomorrow Times.
Next Media issued a statement today to the Hong Kong Stock Exchange claiming it has not made such an agreement.
"The company has negotiations with several parties in Taiwan," the statement read. "The Board would like to clarify that the company has not agreed to acquire 'Tomorrow Times' in Taiwan and no further negotiation would be made regarding acquisition of 'Tomorrow Times'."
Next Media is planning to launch a new magazine in Taiwan later this year. The company has said it has offered possible employment for around 150 employees of The Tomorrow Times.
Šaltinis:
Newsbytes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »