Rumor: Tiansheng Media Bankrupt, Liquidating Assets
Chengdu Daily, 7/30/10
Chinese media company Tiansheng Media has reportedly declared bankruptcy and is liquidating its assets, industry sources said yesterday.
The earliest reports came from the blog of an employee at Shanghai Media Group's Five Star Sports Channel, followed by reports on BBS forums that the company was bankrupt and in liquidation. Two sources reported that another company will take over Tiansheng's business, but could not reveal the company's name. Tiansheng VP Yu Lingxiao told journalists seeking confirmation that he had already resigned from Tiansheng and so had no comment.
Keywords: television Tiansheng Media Yu Lingxiao
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