North Media suspended trading due to the "new rules"
North New media (833612) on July 15 issued a suspension of stock transfer notice. The reason for the suspension is that the company did not comply with the requirements of the State Administration of Radio, Film and Television, the "information network broadcast audiovisual program license" review and approval.
This is what happened. In 2016, the State Administration of Radio, Film and Television issued a notice on strengthening the participation of online audiovisual program certification institutions in the management of the "National Small and Medium-sized Enterprise Share Transfer System" specifically for the New Third Board market. Now the size of nearly 8000 New Third board also let each regulatory agency worry broken heart.
According to the State Administration of Radio, Film and Television, licensees of information network broadcasting audiovisual programs should apply to the local provincial administration of Press, Publication, Radio, Film and Television to participate in the national share transfer system, and they can be listed in the national share transfer system only after being examined and approved by the State Administration of Press, Publication, Radio, Film and Television. As for the listed enterprises, they should go through the application and approval formalities again as required, and before obtaining the approval of the State Administration of Press, Publication, Radio, Film and Television, they are not allowed to conduct stock trading in the national share transfer system.
So the north new media obediently applied for suspension. The company said that it will apply for suspension of the transfer as required by the State Administration of Radio, Film and Television, and resume the transfer after completing the supplementary examination and approval. It is expected to resume the transfer no later than August 18, 2016.
As you know, Northern New Media was listed on the New Third Board on September 25, 2015, which belongs to the provincial media platform Tianjin Broadcasting and Television New media business listed on the New Third Board.
The controlling shareholder of North Media is Tianjin Radio and Television. Other shareholders include the Tianjin Association for Cultural Exchanges with Foreign Countries, Tianjin Radio and Television Network Co., LTD., Tianjin Daily and Jinwan Newspaper. The media owned by North New Media include North Net, North Net News client, Tianjin IPTV, Wanviewda client, etc.
Tighter regulation of new media
It is understood that the License for Audiovisual programs transmitted through information networks is issued by the State Administration of Radio, Film and Television according to the categories of business, receiving terminals, transmission networks and other items. Business categories are divided into broadcasting programs, rebroadcasting programs and providing program integrated operation services. Receiving terminals are divided into computers, TV sets, mobile phones and other kinds of electronic equipment.
With the development of network technology and the popularization of video applications, video business has become the focus of many new media companies. The State Administration of Radio, Film and Television specifically focuses on the notification requirements for listed New media companies on the New Third Board, which not only reflects the strict requirements for listed enterprises, but also reflects the stricter regulation of new media in recent years.
In recent years, the supervision of new media has become more and more strict.
The Cyberspace Administration of China has also entered an intensive period of making "laws", and new regulations such as "Ten wechat Rules", "Ten account rules" and "Ten Interview rules" have been issued successively.
There are also these enterprises or audiovisual programs
With the rapid development of the New Third Board market, more and more new media companies are listed to test the waters of the New Third Board. The following are the new third Board new media enterprises or audio-visual programs.
As you know from the Forum, in addition to northern New media, there are also 5 local traditional media groups with new media business listed on the New Third Board in order to seek breakthroughs through the capital market.
In addition, there are also listed Internet new media enterprises such as Eastday and Huxiong Technology, and Febo co-created "New Third Board" listed enterprises based on microblog, wechat and other we-media matrix. As well as new media companies such as Duoyi and Micro Media Interactive, which are on the way of listing and are based on wechat We-media matrix.
