The Chinese Nationalist Party (KMT) yesterday confirmed that the China Television Co (CTV, 中視), the Broadcasting Corporation of China (BCC) and the Central Motion Pictures Corp (CMPC, 中影) have been bought by the China Times Group.
KMT Deputy Secretary-General Chang Che-chen (
He said that the KMT sold its shares in the three companies to the China Times Group for NT$4 billion (US$121 million).
The China Times Group also took over NT$5.3 billion of debt held by the three companies.
Adding this amount in, the China Times Group paid a total of NT$9.3 billion to the KMT for the firms.
"The deal was completed on Dec. 24. It is also a sign that the KMT is supporting the government's policy that politics and the military should be withdrawn from local media," Chang said.
However, while Chang was making the announcement, a group of CMPC employees broke into the conference room to protest, saying that the KMT had failed to take care of them by paying their severance before selling the company to a new owner.
The minor protest interrupted Chang's press conference and he decided to move to another room to continue it.
Chang said the KMT had owned 33.94 percent of CTV's shares, 97 percent of BCC's and 50 percent of CMPC's. These shares now belong to the China Times Group, he said.
In the meantime, Chang said that the KMT was also planning to sell its shares in the Central Daily News and the China Daily News, two Chinese-language newspapers, but the China Times Group was not interested in purchasing them.
Meanwhile, Government Information Office (GIO) Minister Pasuya Yao (
"If the shareholder structure of CTV involves any foreign shareholders, the GIO will not authorize it to begin cable broadcasting," Yao said.
"We also think that the KMT should explain [the share structure] of its own accord to gain the public's trust," he added.
also see story:
Chunghwa worried over TV law
China might accelerate its strategic actions toward Taiwan, the South China Sea and across the first island chain, after the US officially entered a military conflict with Iran, as Beijing would perceive Washington as incapable of fighting a two-front war, a military expert said yesterday. The US’ ongoing conflict with Iran is not merely an act of retaliation or a “delaying tactic,” but a strategic military campaign aimed at dismantling Tehran’s nuclear capabilities and reshaping the regional order in the Middle East, said National Defense University distinguished adjunct lecturer Holmes Liao (廖宏祥), former McDonnell Douglas Aerospace representative in Taiwan. If
TO BE APPEALED: The environment ministry said coal reduction goals had to be reached within two months, which was against the principle of legitimate expectation The Taipei High Administrative Court on Thursday ruled in favor of the Taichung Environmental Protection Bureau in its administrative litigation against the Ministry of Environment for the rescission of a NT$18 million fine (US$609,570) imposed by the bureau on the Taichung Power Plant in 2019 for alleged excess coal power generation. The bureau in November 2019 revised what it said was a “slip of the pen” in the text of the operating permit granted to the plant — which is run by Taiwan Power Co (Taipower) — in October 2017. The permit originally read: “reduce coal use by 40 percent from Jan.
‘SPEY’ REACTION: Beijing said its Eastern Theater Command ‘organized troops to monitor and guard the entire process’ of a Taiwan Strait transit China sent 74 warplanes toward Taiwan between late Thursday and early yesterday, 61 of which crossed the median line in the Taiwan Strait. It was not clear why so many planes were scrambled, said the Ministry of National Defense, which tabulated the flights. The aircraft were sent in two separate tranches, the ministry said. The Ministry of Foreign Affairs on Thursday “confirmed and welcomed” a transit by the British Royal Navy’s HMS Spey, a River-class offshore patrol vessel, through the Taiwan Strait a day earlier. The ship’s transit “once again [reaffirmed the Strait’s] status as international waters,” the foreign ministry said. “Such transits by
Taiwan is doing everything it can to prevent a military conflict with China, including building up asymmetric defense capabilities and fortifying public resilience, Vice President Hsiao Bi-khim (蕭美琴) said in a recent interview. “Everything we are doing is to prevent a conflict from happening, whether it is 2027 or before that or beyond that,” Hsiao told American podcaster Shawn Ryan of the Shawn Ryan Show. She was referring to a timeline cited by several US military and intelligence officials, who said Chinese President Xi Jinping (習近平) had instructed the Chinese People’s Liberation Army to be ready to take military action against Taiwan
RSS