Media Chinese International, publisher of Hong Kong's Ming Pao Daily News and Malaysia's Sin Chew Daily, is expected to take over management control of its separately listed magazine unit One Media Group.
The company spun off the unit three years ago as part of an expansion into the mainland, but the spin-off has faced a difficult operating environment.
Media Chinese plans to announce a senior management reshuffle at the unit after the completion of the merger between Ming Pao Enterprise Corp and Malaysia's Sin Chew Daily and Nan Yang Media, all owned by Tiong Hiew King.
Ming Pao merged its magazine unit with Peter Brack's Redgate Media in 2004. Ming Pao and Redgate held 60 per cent and 40 per cent of the company, respectively.
One Media is now 62 per cent owned by Media Chinese, which publishes five titles in Hong Kong and on the mainland, including flagship Ming Pao Weekly, Hi-Tech Weekly and, in China, Ming, Popular Science and Top Gear. It is planning to launch a Taiwan edition of Ming Pao Weekly this quarter.
Media Eye has learned that Mr Brack, One Media chief executive and Redgate founder, is expected to be appointed as the company's deputy chairman. His current position could be assumed by Terence Tung, the existing chief operating officer.