Sun, Jan 06, 2013 - Page 3 News List

Want Want group puts CtiTV channel in trust

TRANSFER:The reported transfer of CtiTV’s news channel into a trust means that the channel’s management would become the responsibility of the Industrial Bank of Taiwan

By Lin Chia-chi, Lee Ching-hui and Stacy Hsu  /  Staff reporters, with Staff writer

In related news, Tsai’s son, Tsai Shao-chung (蔡紹中), resigned as CtiTV chairman on Friday, reportedly in a move to pave the way for him to take the helm of the Chinese-language Apple Daily, one of the four Taiwanese media outlets previously owned by the Next Media Group that were sold in November last year to a consortium of which his father was a member.

Other media outlets included in the NT$17.5 billion (US$600.86 million) acquisition — which has been at the center of a recent spate of student protests against media monopoly — were Next TV as well as Chinese-language newspaper Sharp Daily and Next Magazine.

CtiTV general manager Ma Yung-jui (馬詠睿) will take over the position left vacant by Tsai Shao-chung.

Additional reporting by Wang Meng-lun and Huang Cheng-yin

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