Phoenix Satellite Television, the Hong Kong-listed Chinese broadcaster, plans to launch an English- language channel within two years, which would add the first private contender to the race to build a Chinese TV network with global influence.
“One way would be to build a platform from scratch, the other would be to acquire a platform,” Liu Changle, Phoenix founder and chief executive, told the FT. “The benefit of acquisition is that the [channel] would have landing rights already.”
Phoenix is in the process of setting up its first private equity fund for potential buy-outs or acquisitions, aimed at media-related targets, Mr Liu said.
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