No More Chinese Communist Party

June 25, 2010

Chinese Investors Tried To Buy Newsweek

Forbes.com: 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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