Shares in Chinese media companies jumped on Tuesday after President Xi Jinping announced plans to build several new media groups.
The statement, which contained few details, appeared to presage a restructuring of China’s media landscape, which has been shaken in recent months by a purge of senior figures at CCTV, the official broadcaster. The government has also stepped up pressure on internet companies over the past year in an effort to control public opinion.
The new media groups must be “strong, influential and credible”, Mr Xi said in a meeting with senior officials on Monday. He called for the state to “integrate traditional and new media to diversify its communication system”, according to Xinhua, the official wire service.
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Charles Clover, Financial Times via CHINA US Focus http://ift.tt/1w5l36X
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