Subscribe free to our newsletters via your
. Space Travel 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
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
NASA Rover Providing New Weather and Radiation Data About Mars

CU LASP package ready for MAVEN integration bound for Mars

Instrument Delivered for NASA's Upcoming Mars Mission

Melt water on Mars could sustain life

POLITICAL ECONOMY
China's Chang'e-3 to land on moon next year

Moon crater yields impact clues

Study: Moon basin formed by giant impact

NASA's LADEE Spacecraft Gets Final Science Instrument Installed

POLITICAL ECONOMY
Keck Observations Bring Weather Of Uranus Into Sharp Focus

At Pluto, Moons and Debris May Be Hazardous to New Horizons Spacecraft During Flyby

Sharpest-ever Ground-based Images of Pluto and Charon: Proves a Powerful Tool for Exoplanet Discoveries

The Kuiper Belt at 20: Paradigm Changes in Our Knowledge of the Solar System

POLITICAL ECONOMY
Lowell astronomer, collaborators point the way for exoplanet search

A Reborn Planetary Nebula

Lost in Space: Rogue Planet Spotted?

Lowell Astronomer, Collaborators Point The Way For Exoplanet Search

POLITICAL ECONOMY
Student Teams to Build and Fly Rockets With Onboard Payloads for NASA Rocketry Challenge

XCOR Announces ATK as Lynx Mark I Wing Detailed Design And Build Contractor

S.Korea postpones rocket launch: official

S.Korea urges Russia to send rocket parts swiftly

POLITICAL ECONOMY
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

POLITICAL ECONOMY
DARPA's Advanced Space Surveillance Telescope Could Be Looking Up From Down Under

Comet collisions every 6 seconds explain 17-year-old stellar mystery

NASA Radar Images Asteroid 2007 PA8

Ball Aerospace/B612 Foundation Sign Contract for Sentinel Mission




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