• Thu
  • Dec 18, 2014
  • Updated: 5:01am

Next Media plans internet TV in Taiwan

PUBLISHED : Tuesday, 23 November, 2010, 12:00am
UPDATED : Tuesday, 23 November, 2010, 12:00am

Next Media, the publisher of the Apple Daily, will make further investments in Taiwan, with an eye to launching internet-based television services on the island by the end of the year. In a filing with the Hong Kong stock exchange yesterday, Next Media chairman Jimmy Lai Chee-ying reported that the group posted a profit of HK$76.2 million in the six months to September, lower than its HK$122.2 million gain a year earlier, due to investments in its television initiatives. Revenue rose 13.3 per cent to HK$1.698 billion from HK$1.498 billion amid a recovery in advertising spending in Hong Kong and Taiwan.

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