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 It is also a sign that the KMT is supporting the government's policy that politics and the military should be withdrawn from local media," Chang said.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
The Ministry of Education (MOE) is to launch a new program to encourage international students to stay in Taiwan and explore job opportunities here after graduation, Deputy Minister of Education Yeh Ping-cheng (葉丙成) said on Friday. The government would provide full scholarships for international students to further their studies for two years in Taiwan, so those who want to pursue a master’s degree can consider applying for the program, he said. The fields included are science, technology, engineering, mathematics, semiconductors and finance, Yeh added. The program, called “Intense 2+2,” would also assist international students who completed the two years of further studies in
Former president Tsai Ing-wen (蔡英文) departed for Europe on Friday night, with planned stops in Lithuania and Denmark. Tsai arrived at Taiwan Taoyuan International Airport on Friday night, but did not speak to reporters before departing. Tsai wrote on social media later that the purpose of the trip was to reaffirm the commitment of Taiwanese to working with democratic allies to promote regional security and stability, upholding freedom and democracy, and defending their homeland. She also expressed hope that through joint efforts, Taiwan and Europe would continue to be partners building up economic resilience on the global stage. The former president was to first
Former president Tsai Ing-wen (蔡英文) on Monday called for greater cooperation between Taiwan, Lithuania and the EU to counter threats to information security, including attacks on undersea cables and other critical infrastructure. In a speech at Vilnius University in the Lithuanian capital, Tsai highlighted recent incidents in which vital undersea cables — essential for cross-border data transmission — were severed in the Taiwan Strait and the Baltic Sea over the past year. Taiwanese authorities suspect Chinese sabotage in the incidents near Taiwan’s waters, while EU leaders have said Russia is the likely culprit behind similar breaches in the Baltic. “Taiwan and our European
The Taipei District Court sentenced babysitters Liu Tsai-hsuan (劉彩萱) and Liu Jou-lin (劉若琳) to life and 18 years in prison respectively today for causing the death of a one-year-old boy in December 2023. The Taipei District Prosecutors’ Office said that Liu Tsai-hsuan was entrusted with the care of a one-year-old boy, nicknamed Kai Kai (剴剴), in August 2023 by the Child Welfare League Foundation. From Sept. 1 to Dec. 23 that year, she and her sister Liu Jou-lin allegedly committed acts of abuse against the boy, who was rushed to the hospital with severe injuries on Dec. 24, 2023, but did not
RSS