A Malaysian Chinese-language newspaper tycoon announced the merger of two big media groups under his banner on Monday, saying he wishes to build a global Chinese-language newspaper network.
Globalization drives economic activities beyond the boundaries of a region or country and the way in which people acquire information has changed fundamentally due to the rise of the Internet media, said Tiong Hiew King, boss of Malaysia's Sin Chew Media Cooperation Bhd, and Ming Pao Group based in Hong Kong, China.
Also, information on the rising China catches the eyes of more and more people around the world, Tiong said in a statement.
Facing the trend, the merger of Sin Chew Media and Ming Pao Group is one of the major steps towards his desire to establish a strong global Chinese-language newspaper grouping in a bid to promote Chinese-language culture and education around the world, he said.
Sin Chew Media groups Sin Chew Daily and Guang Ming Daily, while Sin Chew Daily is one of the leading Chinese-language newspapers in Malaysia.
Ming Pao Group owns Ming Pao daily and Ming Pao Weekly, which are also circulated in some cities in Canada and the United States.
Sin Chew Media said that it was also in talks with Nanyang Press Group, another Chinese-language media group, in a bid to fully acquire Nanyang Press Group which owns another two big Chinese-language newspapers in -- Nanyang Siang Pau and China Press.
Tiong purchased most stakes of Nanyang Press Group last year and became the top shareholder of the old Chinese-language newspaper.
Currently, he is making efforts to fully control the press group to iron out some differences on how to manage the media group.