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
Parex Bankas won the tender organised by UAB Investicijų ir Verslo Garantijos regarding the financing of very small, small and medium-sized enterprises, and is to lend LTL 100 million together with other three selected banks.
more »
The European Commission has approved, under EC Treaty state aid rules, the €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008.
more »
MEPs have backed new rules to rebuild trust in Europe's battered banks through better financial supervision and risk management.
more »
Taking into consideration the tendencies in the market, starting from 11 May this year AB Bank SNORAS will change the interest rates on time deposits in Litas, Euro, Great Britain pounds and USA dollars.
more »
Now VW and Porsche who are looking into a merger.
more »
First European SME week supports small businesses and encourages entrepreneurship.
more »
Officials at an El Paso bank said $120,000 found at an ATM doesn't belong to the bank.
more »
The placing on the market of seal products should not be allowed say MEPs. It is permitted only where the seal products result from hunts traditionally conducted by Inuit and other indigenous communities.
more »
President Barack Obama is calling on Congress to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts.
more »
MEPs will discuss the protection of animals used for science Monday evening along with a proposal to ban the trade in seal products.
more »