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
Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
more »
The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan.
more »
U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism.
more »
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies.
more »
The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis.
more »
Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing.
more »
Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living.
more »
The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis.
more »
Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas.
more »
The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion.
more »