Next exit from Taiwan TV after licence failure

Next Media will sell its loss-making Taiwan television business after failing to obtain a cable television licence from the island's increasingly Beijing-friendly government.

Next, whose chairman Jimmy Lai Chee-ying is known for his anti-Beijing stance, yesterday signed an agreement with Lien Tai-sheng, chairman of Taiwan's Era Television, for the Hong Kong-listed firm to sell its Taiwan television unit to Era, according to Lai's assistant, Mark Simon.

via Business feed http://www.scmp.com/business/companies/article/1051836/next-exit-taiwan-tv-after-licence-failure