THE BUZZ | HK: Jimmy Lai’s Next Media newspaper lose major ads
In what may be a major escalation of pressure by mainland China on Hong Kong’s independent-minded news media, two major British banks have stopped advertising with one of the city’s biggest newspapers, The New York Times revealed recently, citing a top executive.
The executive, Mark Simon of Next Media Limited, said that two London-based banks, HSBC and Standard Chartered, ended a longtime advertising relationship late last year with the Apple Daily paper after being told to do so by the Chinese government. Both banks said their advertising decisions were commercial.
Next Media Limited, a newspaper, television and Internet company based in Hong Kong and Taiwan, is known for its strong advocacy of democratic freedoms in Hong Kong. Under its owner, Jimmy Lai, Next Media has been sharply critical of the Beijing government. Last week, an animated video on its website excoriated China’s newly issued policy paper on Hong Kong.
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