WaPo says it all. Jimmy Lai sells his Taiwan media organs to Jeffrey Koo, Jr. of the powerful Koo family, and Wang Yen-wen of the Formosa group (according to WantWant, the pro-China rag run by the owner of another powerful conglomerate), both from clans that have extensive business interests in China....
“The expected sale underscores growing Chinese influence on the island of 23 million people, especially in the free-wheeling media, where there is increasing soft-peddling of issues concerning China… The development comes on the heels of pro-China Taiwanese newspaper publisher Tsai Eng-meng’s attempts to complete a $2.4 billion deal for a cable TV network system. Tsai’s outspokenly pro-Beijing China Times newspaper balks at almost all direct criticism of the mainland.”Sold include Apple Daily, Sharp Daily, Next Magazine and Next TV..... Next Media has completely left Taiwan. Selling price: US$600 million. The WantWant report adds that a Formosa Plastics board member said he had not heard of such a deal and does not believe the reports are true. WantWant also says that private equity funds from Singapore are involved.
UPDATED: A friend reminds that Apple Daily has consistently published critical environmental pieces, including some on Formosa Plastics' nightmare plant down in Mailiao. Big business control of the media is about more than just curbing critical commentary on China.
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