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Xu Guangchun, Minister of State Administration of Radio, Film and
Television, recently disclosed that China Radio & Television
Cable Network Group, a group that integrates nationwide cable TV
network assets, would be founded at the end of this year.
Three years ago, Radio, Film & Television Information Network
Center, an affiliate of State Administration of Radio, Film and
Television, set up China Radio & TV Co. Ltd. with registered
capital of 50 million yuan to specially undertake the construction
of television network. State Administration of Radio, Film and Television
planned to reorganize the company into China Radio & Television
Cable Network Group by making use of the license it has obtained
and the network assets of various provinces it has purchased. The
group will include two parts, the network company and media company.
(Xinhua 12/18/2000)
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