Next Media

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Next Media Limited
壹傳媒有限公司
Type public SEHK: 0282)
Founded 1990s
Headquarters Hong Kong, People's Republic of China
Key people Jimmy Lai, Chairman and Founder
Stephen Ting, Chief Executive Officer
Industry Media
Products Apple Daily, Next Magazine, Easy Finder, Sudden Weekly, Eat and Travel Weekly
Revenue HK$1.6 billion
Employees 3,600
Website http://www.nextmedia.com

Next Media Limited (Chinese: 壹傳媒有限公司 Pinyin: Yī Chuán Méi Yǒuxiàn Gōngsī ) SEHK: 0282, founded by serial entrepreneur Jimmy Lai, has more than 3,600 employees and is the largest-listed media company in Hong Kong.

Lai has built a company culture of transparency and creativity without hierarchy. Employees are encouraged to tackle challenges through trial and error while assuming responsibility for their actions and sharing in profits from success.[1]

Subdivisions include Next Media Interactive. The corporation is known for introducing tabloid-style journalist into Hong Kong and Taiwan that set trends in both markets. Apple Daily was the first newspaper to use the massive graphics, bold headlines and full colour pages now common to all best-selling papers in Hong Kong and Taiwan.

Next Media publications are also known for highly academic articles which attract a wide range of readers, including critics. Next Media has often taken a clear and sometimes proactive support for democratic groups in Hong Kong. Some companies with ties to the government of China never advertise in any papers or magazines owned by Next Media.

The bold style of journalism seems to trigger constant troubles with the triads with incidents of criminal damages at the offices of Next Media. Apple Daily and its parent company Next Media are thought to be pioneer of paparazzi and yellow Journalism in Hong Kong. A recent notable incident happened last year when Gillian Chung, a member of singing group Twins (band), was shot changing clothes at the backstage by spy camera installed by a subsidy magazine of Next Media. The case triggered debated over paparazzi acts in Hong Kong and regulation of paparazzi was considered.

Contents

The top management committee of the company is the Board. The Board is responsible for overseeing the successful of Next Media and devising the company’s future strategy. The Board delegates the running of Next Media’s day-to-day operations to carefully chosen Executive Directors and Senior Management. The Board looks to the Management to ensure it appraised of all significant developments that may affect the company and its operations.

There are four committees established by the Board, granted for different kinds of duties.

  • Executive Directors: for the purpose of approving issues and allotment of shares
  • Audit Committee: mainly to assist the Board in its oversight of the integrity of the Company’s financial statements; the Company’s compliance with legal and regulatory requirements; the external auditor’s qualifications and independence; and the performance of the Company’s internal audit function and external auditors.
  • Remuneration Committee; to review and develop policies in relation to the remuneration of directors and senior management of the Company; to make recommendations to the Board from time to time as may be necessary in relation to such policies.
  • Ad hoc Sub-committee; made up of the financial heads of all major operation subsidiaries.

Apple Daily Limited
Apple Daily Online Limited
Apple Daily Printing Limited
Cameron Printing Company Limited
Database Gateway Limited
Easy Finder Limited
Easy Finder Hong Kong Marketing Limited
Easy Media Limited
Eat and Travel Weekly Company Limited
Next Magazine Advertising Limited
Next Magazine Publishing Limited
Next Media Group Management Limited
Next Media Hong Kong/Publication Publishing Limited
Paramount Printing Company Limited
Rainbow Graphic & Printing Company Limited
Sudden Weekly Limited

  1. ^ http://www.referenceforbusiness.com/history2/91/Next-Media-Ltd.html

Retrieved from "http://en.wikipedia.org/wiki/Next_Media"
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