Phoenix Television is a majority state-owned television network that offers Mandarin and Cantonese-language channels that serve mainland China, Hong Kong, Macau, and other markets with substantial Chinese-language viewers. It is headquartered in Shenzhen and Hong Kong. It is also registered in Cayman Islands.[2]
 | This article may require copy editing for grammar, style, cohesion, tone, or spelling. (May 2024) |
 | |
 Headquarters in Shenzhen | |
Native name | 鳳凰衛視投資（控股）有限公司 |
|---|---|
| Company type | Public; State-owned enterprise |
| SEHK: 2008 NYSE: FENG | |
| Industry | Broadcasting |
| Founded | 31 March 1996 |
| Headquarters | Shenzhen, Guangdong, China Tai Po, Hong Kong |
Key people | Liu Changle (Founder; former chairman and chief executive officer), Chui Keung (Deputy chief executive officer, Chief Compliance Officer), Liu Shuang (Chief Operating Officer of Phoenix Satellite TV, CEO of Phoenix New Media) |
| Products | Television content, Television programming |
| Revenue | HK$3159m (2021)[1] |
 HK$703m (2021)[1] | |
 HK$299m (2021)[1] | |
| Parent | Bauhinia Culture |
| Website | www |
| |
| Country | China |
|---|---|
| Broadcast area | Worldwide |
| Programming | |
| Picture format | HDTV 1080i |
| Ownership | |
| Owner | Phoenix Television |
| Sister channels | Phoenix InfoNews Channel Phoenix Chinese News and Entertainment Channel Phoenix North America Chinese Channel Phoenix Movies Channel Phoenix Hong Kong Channel |
| History | |
| Launched | 31 March 1996 |
| Replaced | Star Chinese Channel |
| Phoenix Chinese Channel | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 鳳凰衛視中文台 | ||||||||||
| Simplified Chinese | 凤凰卫视中文台 | ||||||||||
| |||||||||||
| Alternative Chinese name | |||||||||||
| Traditional Chinese | 鳳凰衛視 | ||||||||||
| Simplified Chinese | 凤凰卫视 | ||||||||||
| |||||||||||
The founder of Phoenix TV, Liu Changle (劉長樂), was an officer and political instructor in the People's Liberation Army in its 40th Group Army.[3] He later became a journalist for the Chinese Communist Party (CCP)-controlled China National Radio after the Cultural Revolution and remains well-connected to the CCP's leadership.[4] Liu is a standing member of the National Committee of the Chinese People's Political Consultative Conference.[5]
Phoenix Television calls itself a Hong Kong media outlet[6] but holds a non-domestic television programme services license in Hong Kong.[7] Most of the company's customers and non-current assets come from mainland China.[8] Bauhinia Culture, a company wholly owned by the Chinese government, is its largest shareholder.[9] Freedom House describes Phoenix Television as pro-Beijing.[10] Stephen McDonell of BBC News described the outlet as "sometimes more liberal than its mainland counterparts".[11]
The company's head offices are located in Shenzhen, Guangdong and Tai Po, Hong Kong and it also has correspondent offices in Beijing and Shanghai. The Shenzhen office is said to produce half its TV output.[12]
History
What eventually became Phoenix Television started as a joint venture between Star TV in Hong Kong, one private company in China, and China Central Television.[13]
Phoenix Chinese Channel was launched on 31 March 1996. It replaced Star Chinese Channel in Hong Kong and mainland China.[14] Broadcasts in Singapore started on 1 December 1996 via the Singapore Cable Vision network; in its early years, the Phoenix Chinese Channel also carried Mandarin-dubbed American series during primetime hours, such as The X-Files and Baywatch.[15]
The Phoenix CNE channel broadcasts in Europe, while the Phoenix North America Chinese Channel goes out in the Americas. In 2005, a California-based broadcast and engineering director for the channel, Tai Wang Mak, was arrested for conspiring with his brother, Chi Mak, to act as an intelligence agent for China.[16] A 10-year prison sentence was announced in 2008.[17][18]
On 28 March 2011, Phoenix Television launched Phoenix Hong Kong Channel, broadcasting exclusively in Cantonese.[19]
On 31 March 2011, Phoenix InfoNews Channel was announced as a Peabody Award winner for its "Report on a New Generation of Migrant Workers in China."[20]
In 2011, Phoenix New Media formed a partnership with the BBC to offer the British broadcaster's programming on Phoenix's digital media platforms. This was followed by a similar partnership with the National Film Board of Canada in 2012, under which 130 NFB animated shorts and documentary films would be offered digitally in China.[21]
In October 2013, the 12.15% of shares in Phoenix Television held by 21st Century Fox (through Star) were sold to TPG Capital for HK$1.66 billion (US$213 million).[22][23][24]
In February 2016, Phoenix Television broadcast forced confessions of kidnapped Hong Kong booksellers.[25][26][10] In June 2020, the FCC ordered XEWW-AM, owned by Phoenix Television, to cease broadcasting.[27]
The Taiwanese government designated Phoenix as a Chinese government-funded company in April 2022, and required the company to end operations in Taiwan.[28]
During the Russian invasion of Ukraine, a Phoenix TV reporter was one of the only foreign journalists to embed with the Russian military.[29]
Corporate governance
Ownership
At launch, Star TV and a private sector company in China each owned 45% of the company, and state broadcaster China Central Television owned the remaining 10%.[13]
The original News Corporation's (and subsequently 21st Century Fox's) shares in Phoenix Television held through Star were gradually reduced over the years. Finally, 21st Century Fox sold its shares to TPG Capital in October 2013.[30][22][23][24]
According to the company's 2018[needs update] annual report, the company is owned by the following entities:[2]
| Name | Shares | Percentage | Note |
|---|---|---|---|
| Today's Asia Limited | 1,854,000,000 | 37.13% | A company beneficially owned by Liu Changle (100%). |
| Extra Step Investments Limited | 983,000,000 | 19.69% | A company owned by China Mobile Hong Kong, which is a part of state-owned China Mobile. |
| TPG China Media, L.P. | 607,000,000 | 12.16% | Part of TPG Capital and beneficially controlled by David Bonderman and James Coulter.[2] |
| China Wise International Limited | 412,000,000 | 8.25% | China Wise is owned by Bank of China, which is owned by Central Huijin Investment, a subsidiary of the government's China Investment Corporation sovereign wealth fund, which reports to the State Council of the People's Republic of China. |
In April 2021, Liu sold most of his shares to state-owned publisher Bauhinia Culture and Shun Tak Holdings.[31][32]
Management
Liu Changle (劉長樂), CEO and founder of Phoenix TV, was a journalist for the Chinese Communist Party-controlled China National Radio after the Cultural Revolution and had become one of China's richest men by the 1990s, being well-connected to the Beijing leadership.[3][4]
Shuang Liu (刘爽) became COO of Phoenix TV on 17 February 2014. He continues to be the CEO of Phoenix New Media Ltd (NYSE: FENG), a new media company in China.[33]
Former director of Phoenix TV news Chung Pong testified under oath that Phoenix TV news' programing was "subject to the dictates of the leadership of the Central Communist Propaganda Department, Central Communist Overseas Propaganda Office, and the Ministry of Foreign Affairs."[34]
See also
References
External links
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