SINGAPORE - Few newspapers can claim to have been continuously published for 200 years, and on Wednesday (May 5), The Guardian joined their ranks. One key strength of the publication that has helped it prevail through ups and downs over the years is that it has been managed by a trust that has enabled and empowered it to hew to the spirit of its original investors, who were not in the business to make a quick buck. Many media titles around the world are grappling with the challenge of funding and sustaining quality journalism. On Thursday, Singapore Press Holdings (SPH), which publishes The Straits Times, announced plans to restructure its media business, SPH Media, which includes ST, and eventually park it under a new company limited by guarantee (CLG). Noting that the media business faces financial challenges over the next few years, SPH chairman Lee Boon Yang said one key driver has been digital disruption. Worldwide, traditional media organisations have seen readership … [Read more...] about SPH media restructuring: The challenge of funding and sustaining quality journalism
China’s ambassador to the U.S. on Friday cited the presence of “social media influencers” in China’s western territory of Xinjiang as proof “stability has returned” to the region since the Chinese Communist Party (CCP) launched a genocide against Muslim Uyghurs in the territory in 2017. “[T]he Chinese government has adopted correct and effective policies in Xinjiang, and stability has since returned. In the past several years, over 1,200 people from more than 100 countries have visited Xinjiang. Many social media influencers are seen on the streets doing interviews,” Chinese Ambassador to the U.S. Cui Tiankai told Xinjiang Gov. Shohrat Zakir, along with a virtual audience, at an online conference titled “Xinjiang is a wonderful land” on May 7. “I myself have visited Xinjiang more than once. We have seen a real Xinjiang, which is totally different from what some Western politicians and media portrayed,” Cui said. The “correct and effective policies” undertaken by the CCP in … [Read more...] about China’s U.S. Envoy: ‘Social Media Influencers’ Disprove Uyghur Genocide
Source: Brave What you need to know Brave Brower has gained a new feature that saves media for later. Brave Playlist is like a read later service but for video, images, podcasts, and more. The popular web browser Brave Browser has been updated to add support for a new feature that is designed to give users a way to save media for later. Brave Playlist can save any media to a list, ready to be enjoyed whenever. Users can add videos, podcasts, and more while browsing the web all with a single tap. Brace says media can also be enjoyed offline, too. Make a playlist of the content you love, right in your browser. Add almost any media and play anytime, anywhere. Even offline. With Brave Playlist, you can create a playlist of your favorite audio and video streams, straight in your browser. Add with a single tap. No extra apps on your device. Brave Playlist is a free feature that is included with the standard Brave Browser download. You can download Brave Browser … [Read more...] about Brave Browser’s new Brave Playlist feature saves any media for later
Specific Media, a digital media company, has announced it has acquired Myspace, previously called MySpace but now stylized as My_____, from News Corporation. As part of the agreement, News Corporation will take a minority equity stake in Specific Media. Additional terms of the agreement were not disclosed. That being said, All Things Digital reports that the sale prices is $35 million and that News Corp.'s stake in Specific Media is less than five percent. Furthermore, the deal includes a halving of Myspace's staff of 400, as well as other cost cuts. Myspace CEO Mike Jones and other top staff will remain only for an interim period (about two months), to help with the transition. "Myspace is a recognized leader that has pioneered the social media space. The company has transformed the ways in which audiences discover, consume and engage with content online," Tim Vanderhook, Specific Media CEO, said in a statement. "There are many synergies between our companies as we are both … [Read more...] about Specific Media buys Myspace for $35 million from News Corp.
advertisement advertisement advertisement There are no shortage of recipe sites on the internet—from Martha Stewart’s pastel-hued empire to curated recipes on Bon Appétit to home-grown blogs. But no food site has managed to blend e-commerce with content as successfully as Food52. advertisement advertisement New York Times food editors Amanda Hesser and Merrill Stubbs founded Food52 in 2009 as a website that bridged the gap between gourmet cooking and crowdsourced recipes. Over the past 12 years, it has evolved to include an online marketplace of home goods and a line of kitchen products. This week, it announced that it had acquired Dansk, a 67-year-old Scandinavian-inspired home brand with a cult following. flailing , Food52 is a rare success story. Right before the pandemic, VC firm The Chernin Group (TCG) bought a majority stake in the company for $83 million, bringing Food52’s total funding to $96.6 million and … [Read more...] about Food52’s secret recipe for building a $100 million media empire
SHANGHAI: China has approved domestic fund managers' first exchange-traded funds (ETFs) based on Hong Kong's Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent. Regulatory approval to launch such ETFs was obtained by six Chinese mutual fund managers, including China Asset Management, Dacheng Fund Management and E Fund Management, the Shanghai Securities News reported citing the six fund houses. The Hang Seng TECH Index tracks the 30 biggest technology companies listed in Hong Kong. Constituents include Alibaba Group Holding Ltd, Tencent Holdings Ltd, Meituan, NetEase Inc, JD.com Inc and Semiconductor Manufacturing International Corp. Hong Kong-based asset manager CSOP Asset Management launched the first ETF tracking the Hang Seng TECH Index in August, about a month after bourse operator Hong Kong Exchanges and Clearing Ltd introduced the index. Huatai-Pinebridge Fund Management, which … [Read more...] about China approves ETFs tracking HK-listed tech giants – state media