Next Media

Next Media was founded by high profile businessman Jimmy Lai, known for his support for democracy and criticism of China. It introduced tabloid-style journalism into Hong Kong and Taiwan, with the hugely successful Apple Daily. The group made a rare misstep by entering Taiwan’s saturated broadcasting market. In October 2012 it agreed to sell its loss-making Taiwan TV unit and to terminate its video-on-demand (VOD) services, but the deal fell through in March 2013.

Media tycoon Jimmy Lai resigns as Next Media chairman

Media tycoon Jimmy Lai resigns as Next Media chairman

Media tycoon Jimmy Lai Chee-ying, a high-profile supporter of the Occupy Central movement, has stepped down as chairman of Next Media.

Monday, 15 December, 2014, 5:37am 3 comments

Angry TVB bans Next Media publications from station events

Angry TVB bans Next Media publications from station events

TVB has banned Next Media from its press conferences and promotional events because of its "biased reports" on the free-to-air TV licence saga and the station's anniversary gala. 

22 Nov 2013 - 6:38am

Police find car used in Apple Daily arson attack

Three masked men armed with knives burned about 26,000 copies of Apple Daily outside City Hall at Central at early morning on June 30, 2013. Photo: Sam Tsang

Police say they have found the vehicle connected with the latest arson attack targeting Apple Daily, in which thousands of copies of the newspaper were set on fire in Central.

2 Jul 2013 - 4:46am

Next Media dangles HK$1m carrot to hunt down attackers

A car rammed into the gate of Next Media Chairman Jimmy Lai's house on June 19.

Next Media is offering HK$1 million to track down the assailants and mastermind behind a recent series of attacks believed to be targeted at the news group. Group chairman Jimmy Lai Chee-ying yesterday said he and his group would not be scared off by such "childish acts".

1 Jul 2013 - 4:05am 1 comment

Next Media heats up newspaper competition

In Hong Kong, the market for Chinese-language newspapers has become even more competitive over the past few years. Photo: Sam Tsang

As the dust settled on the sale of Next Media's loss-making television business in Taiwan last month, its boss, Jimmy Lai Chee-ying, promised to focus on the print business, a move that looks set to intensify competition in the industry.

20 May 2013 - 8:24am

Earnings alerts paint grim picture for Hong Kong-listed firms

Next Media warned of a substantially widening loss in the latest fiscal year to the end of March

Hong Kong-listed companies have issued almost 50 warnings over the past month about substantial profit declines or losses as the mainland economic recovery continues to look shaky.

16 May 2013 - 4:12am 1 comment

Next Media warns of 'substantially' bigger loss

Next Media warns of 'substantially' bigger loss

The group, controlled by Jimmy Lai Chee-ying, reported losses of HK$188.63 million in the fiscal year to the end of March 2012, and a deficit of HK$19.73 million in 2011. Based on its results for continuing operations, this loss was HK$973 million for the 2012 fiscal year, against a profit of HK$9.6 million in 2011.

7 May 2013 - 3:56am

What's down the track for Next?

Next Media's Next TV and Sharp Daily operations have eaten into the group's cash flows. Photo: AFP

After the ill-fated attempt to sell its profitable print business in Taiwan, a big question mark hangs over how Next Media, the media empire controlled by Hong Kong mogul Jimmy Lai Chee-ying, will sustain itself.

13 Apr 2013 - 4:51am

Next Media falls 26pc as trading resumes following Taiwan debacle

Next Media share price

Shares in Next Media, controlled by tycoon Jimmy Lai Chee-ying, closed at HK$1.17 on March 25, the day before the trading halt started, pending an announcement about the sale.

3 Apr 2013 - 5:10am

Lai vows to keep Taiwan print empire

A deal for Next Media's TV and print assets in Taiwan failed.

Hong Kong media magnate Jimmy Lai Chee-ying yesterday said he would continue to run his print empire in Taiwan now that a NT$17.5 billion (HK$4.55 billion) deal to sell Next Media's combined print and TV assets on the island has fallen through.

28 Mar 2013 - 4:46am

Next's sale of Taiwan print arm collapses

An attempt by a pro-China Taiwanese businessman and three associates to purchase the Apple Daily and Next Magazine has fallen through. Photo:EPA

Next Media's sale of its Taiwanese print business has fallen through a day before the deadline, but the sale of its television operation continues, a spokesman said yesterday.

27 Mar 2013 - 4:50am

Next Media's asset sale still under review

Next Media at its headquarters in Taipei. Photo: Reuters

Next Media's sale of its Taiwanese operations is still up in the air as the island's regulators continue to review the HK$4.65 billion deal, an official said yesterday. "The Taiwanese buyers have submitted supplementary documents to us as requested, but we still need to review them before we can say yes or no for this case," said a spokesman with Taiwan's Fair Trade Commission.

12 Mar 2013 - 6:47am

Business Digest, January 15, 2013

China Railway gets 30b yuan in mainland deals

Cosco mulls €1b stake in Greece's biggest port

Mainland shipping group Cosco is considering investing €1 billion (HK$10.4 billion) for a 60 per cent stake in Greece's largest port, at Piraeus, which is on the government's privatisation agenda, financial daily Imerisia said. Cosco already has an investment in the port, which is 74 per cent state-owned. Reuters


15 Jan 2013 - 4:16am

Business Digest, January 12, 2013

Contracts roll in for rail-related companies

Next Media shares fall on deal uncertainty

12 Jan 2013 - 4:02am

Jeffrey Koo removed as leader of Next Media buyout consortium

Next Media, which has a building in Taipei, Taiwan, has sold its print and television arm for HK$4.66 billion. Photo: CNA

Next Media, a company controlled by Hong Kong tycoon Jimmy Lai Chee-ying, has disclosed more details of the recently agreed sale of the company's Taiwan print and TV businesses to a group of Taiwanese businessmen, after changes in the composition of the consortium.

14 Dec 2012 - 3:00am