Profitability struggles Publishing industry seeks to diversify its business
Release time:
2017-03-15
In the context of the rapid development of the mobile Internet, the traditional publishing industry has become a sunset industry, have to seek transformation, to explore business diversification, is still publishing books as the main business of the Yangtze River Media is also seeking business transformation on the road of stupidity.
In the context of the rapid development of the mobile Internet, the traditional publishing industry has become a sunset industry, have to seek transformation, to explore business diversification, is still publishing books as the main business of the Yangtze River Media is also seeking business transformation on the road of stupidity.
Cheung Kong Media recently announced that it intends to spend 46.2 million yuan to acquire Hubei Xinhua Asset Management Company Limited, involved in asset management, investment management, property leasing and services and real estate development. Announcement, the company's wholly-owned subsidiary Hubei Xinhua Bookstore (Group) Limited (hereinafter referred to as "provincial store group") to acquire the assets of Hubei Xinhua Asset Management Co., Ltd. acquisition price of not more than 46.2 million yuan, after the completion of the acquisition of Hubei Xinhua Asset Management Co.
After the completion of the acquisition, the above assets will directly serve the production and operation of the Provincial Store Group, broaden the business layout of the subsidiary, and enhance the operating ability and profitability of the Provincial Store Group.
In fact, the business expansion of Changjiang Media is not an isolated case. Since this year, the traditional publishing industry has been declining in business performance, the main business for the publication of teaching aids Tianzhou culture (300148.SZ) in the past two years, net profit declined consecutively, the second half of this year, Tianzhou culture that is involved in the hand tour business. In addition, Phoenix Media involved in hand travel and real estate industry, Zhejiang News Media, Borui spread the acquisition of game companies, the Times Publishing involved in digital publishing, to the transformation of new media.
From the traditional publishing industry transformation path this year, digital publishing and mobile games are the most traditional industry favored areas. Many traditional publishing companies listed in the capital operation of these two areas. Phoenix Media subsidiary Phoenix Digital Media capital increase, which subscribed to the Shanghai Mu and the network of 310 million yuan of new registered capital, thus holding Mu and the network of 64% of the equity, to the game field to expand their business. Zhejiang Newspaper Media has merged and acquired Bianfeng Haofang, organized the National Game Competition, and participated in Hua Ao Xingkong, expanding its business in various aspects.
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