Subscribe free to our newsletters via your
. Space Industry and Business News .




POLITICAL ECONOMY
China state broadcaster sees record ad auction
by Staff Writers
Shanghai (AFP) Nov 19, 2012


China's main state broadcaster has raised a record 15.88 billion yuan ($2.5 billion) from selling prime-time advertising spots for next year, state media said Monday.

Revenue from the closely-watched auction by China Central Television (CCTV) grew more than 11 percent from a similar auction for 2012, the Global Times newspaper reported.

Analysts described the results as encouraging amid a slowdown in China's overall economy.

"We see this result solid and better than most feared, providing good sentiment on 2013 ad spend outlook," investment bank J.P. Morgan said in a research note on Monday.

The results also highlighted the state broadcaster's dominant position despite the growth of social media and the rise of local television stations which have captured viewers with more entertaining programming, analysts said.

"CCTV's leading position in the sector will remain unchallenged in the next two to three years," the Global Times quoted Zheng Xueqin of the independent China Brand Research Institute as saying.

"But after that the market will surely become less concentrated."

Big spenders for next year included home appliance giant GOME and spirit makers Wuliangye Group and Kweichow Moutai Co., paying a total of more than 1.0 billion yuan for spots during the evening news, the newspaper said.

Last year's auction reaped 14.25 billion yuan for CCTV.

CCTV is planning to list its website as part of a group of domestic listings by state-owned media giants, reports say.

Since the 1990s, China has been pushing state-owned media to stop relying on government handouts and become profitable through subscriptions and advertising, but competition has become even fiercer with the Internet.

Social media, such as microblogs similar to Twitter, as well as online news offerings, likes the website operated by Chinese Internet giant Sina, are challenging the staid state media for viewers.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
Walker's World: Japan's looming crisis
London (UPI) Nov 19, 2012
Most of the world's media are currently obsessed with the new Chinese leadership, the prospect of the United States tumbling over the fiscal cliff and the latest grim news from the eurozone. The smart money, however, is switching focus to Japan, which could be gestating the next global disaster. In the last quarter, Japan's gross domestic product shrank 0.9 percent and industrial produc ... read more


POLITICAL ECONOMY
Titan is also a green powerhouse

Google's Android is eating Apple's lunch

AVX Introduces SMD Tantalum Chip Capacitors For Aerospace Applications

Google's Android is eating Apple's lunch

POLITICAL ECONOMY
The Skynet 5D secure telecom satellite is received in French Guiana for Arianespace's December Ariane 5 mission

Lockheed Martin Completes On Orbit Testing of Second AEHF Satellite

LynuxWorks LynxOS-SE Deployed by ITT Exelis in New Line of Software-Defined Radios

Digital Modular Radios For New US Navy Ships and Submarines

POLITICAL ECONOMY
Arianespace's fourth Spaceport mission with Soyuz ready for fueling

Ariane 5's sixth launch of 2012

Ariane 5 is poised for Arianespace's launch with the EUTELSAT 21B and Star One C3 satellites

Ariane 5 orbits EUTELSAT 21B and Star One C3 satellites

POLITICAL ECONOMY
Mobile GPS Tracking capability on JCB ruggedized mobile phones

Quattro Group Gains Visibility And Control With Ctrack

Saudi Arabia to Launch Two Satellites

Nokia buys 3D mapping firm in location services push

POLITICAL ECONOMY
Boeing Statement Supporting House Vote on Russia PNTR

China's home-grown plane rises to the challenge

China firm to invest $1.6 billion in plane engine

Brazil airline opts for Rockwell Collins

POLITICAL ECONOMY
USC scientists 'clone' carbon nanotubes to unlock their potential for use in electronics

Intel to seek new CEO, Otellini to retire in May

First noiseless single photon amplifier

New study reveals challenge facing designers of future computer chips

POLITICAL ECONOMY
Satrec Initiative Announces Agreement with Korea Aerospace Research Institute

GOCE's second mission improving gravity map

Astrium's GRAIN service shows US corn yields are lower than expected

Surveying Earth's interior with atomic clocks

POLITICAL ECONOMY
Cleanup of Most Challenging US Contaminated Groundwater Sites Unlikely for Many Decades

Fines levied over Clean Air Act violations

Toxic nickel found near leaking Finnish mine: agency

More landmine victims in Myanmar despite curbs on use




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement