Journalists who worked for a business news website under investigation in Shanghai have described a scheme of extorting Chinese companies, which were pressed to pay in return for the production of flattering articles or the burying of damaging ones, according to reports in the state-run news media.
The accusations against the site, 21st Century Net, came after the arrests of eight people last week in the case. On China Central Television on Thursday, the president of the website and several arrested reporters described how they had colluded with public relations firms to identify vulnerable Chinese companies.
China’s corporate landscape is pitted with scandals involving corruption, nepotism, bribery and false company results. The CCTV accounts from the 21st Century Net journalists added vivid detail to claims that some members of China’s news media have become a part of the problem by turning self-censorship and skewed reporting into a source of revenue.
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Chris Buckley, New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/fKNBofiIMJo/
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