No More Chinese Communist Party

June 25, 2010

Chinese Investors Tried To Buy Newsweek Moves like this are to be expected. China has an aggressive policy to expand its global soft power, Chinese firms, even print media ones, tend to be cash-rich, and US media firms are increasingly desperate, as Newsweek’s dire finances (and BusinessWeek’s) demonstrate.

This failed bid raises at least two obvious questions. First, would the US government even allow a purchase of influential US media assets, dying or not, by Chinese firms? Second, is China wasting time and money trying to expand its soft power through dying media properties?


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