Monday, November 23, 2015

DMG Bid to Buy Taiwan’s Top TV Network Has PLA Twist

The powerful Chinese man behind the attempted acquisition of Eastern Broadcasting Co is the son of a former top PLA leader 

The recent announcement that Los Angeles-based Dynamic Marketing Group (DMG) Entertainment is seeking to acquire Eastern Broadcasting Co, Ltd (EBC, 東森), the largest privately owned Mandarin-language TV network in Taiwan, from the private equity firm Carlyle Group for the sum of US$600 million has raised fears in Taiwan that the acquisition may be an indirect attempt by China to further penetrate the island-nation’s media environment. 

At first glance there isn’t anything overtly untoward about the transaction, which has been confirmed by a spokesman for Carlyle: Dan Mintz, chief executive of DMG Entertainment, has signed the deal, which will be subject to approval by the National Communications Commission (NCC), Taiwan’s broadcast regulator, and the Investment Commission at the Ministry of Economic Affairs. 

My article, published today on Thinking Taiwan, continues here.

No comments: