Wednesday, September 24, 2008

Next Media

Next Media Limited , founded by serial entrepreneur Jimmy Lai, has more than 3,600 employees and is the largest-listed media company in Hong Kong.

Lai has built a company culture of transparency and creativity without hierarchy. Employees are encouraged to tackle challenges through trial and error while assuming responsibility for their actions and sharing in profits from success.

Subdivisions include Next Media Interactive. The corporation is known for introducing tabloid-style journalist into Hong Kong and Taiwan that set trends in both markets. Apple Daily was the first newspaper to use the massive graphics, bold headlines and full colour pages now common to all best-selling papers in Hong Kong and Taiwan.

Next Media publications are also known for highly academic articles which attract a wide range of readers, including critics. Next Media has often taken a clear and sometimes proactive support for democratic groups in Hong Kong. Some companies with ties to the government of China never advertise in any papers or magazines owned by Next Media.

The bold style of journalism seems to trigger constant troubles with the with incidents of criminal damages at the offices of Next Media. Apple Daily and its parent company Next Media are thought to be pioneer of paparazzi and yellow Journalism in Hong Kong. A recent notable incident happened last year when Gillian Chung, a member of singing group Twins , was shot changing clothes at the backstage by spy camera installed by a subsidy magazine of Next Media. The case triggered debated over paparazzi acts in Hong Kong and regulation of paparazzi was considered.

Hong Kong Publications


* ''Apple Daily'' - Published daily, one of Hong Kong's largest circulation newspapers.
* ''Next Magazine'' - Published on Wednesday evenings, one of Hong Kong's largest circulation news and entertainment magazines.
* ''Easy Finder'' - A teen focussed entertainment magazine.

Monday Book - A set of four magazines sold together for HK$12 on Monday mornings that are more thematically male and commerce focussed.
* ''Face'' - Gossip, entertainment and fashion
* ''Ketchup'' - Gadgets, gaming and mobile
* ''JobFinder'' - Jobs and recruitment magazine
* ''AutoExpress'' - Used cars, auto insurance, dating advertisements, car license plates for sale.
* ''Trading Express'' - Classified ads for products, small companies, second-hand watches.

Friday Book - A set of three magazines sold together for HK$12 on Friday mornings that are more thematically female and leisure focussed.
* ''Eat and Travel Weekly'' -
* ''Sudden Weekly'' - Women-oriented entertainment magazine.
* ''Me'' - A cosmetics and fashion magazine.

Hong Kong Websites


The Atnext.com network is the #1 online Chinese new, information and current events portal from Hong Kong and reaches more than 2 million users per month, audited by Neilsen//Netratings.

* atnext.com - Homepage and entry point for the publications

Publication websites
* Apple Daily Online - Site for the daily newspaper
* Next Magazine - Site for the weekly news magazine
* Sudden Weekly - Site for the weekly entertainment magazine
* Face magazine - Site for the weekly teen and young adult magazine
* Eat and Travel - Site for the weekly leisure magazine

Vertical/community portals
In addition to original exclusive content and social networking tools, these sites aggregate content from all other sites.
* - Female focused portal with strong community
* - Traveler site
* - education guide for students of all levels
* - Car vertical covering auto reviews and more
* - lifestyle guide on everyday city living
* - a subscription-based horse racing guide focused on HK and Macau races
* - soccer fan’s guide to everything soccer
* - a vertical channel provide rich information on medical and health

Taiwan Publications


* ''Apple Daily '' - Published daily, one of Taiwan's largest circulation newspapers
* ''Sharp Daily'' - A free daily newspaper
* ''Next Magazine'' - Published on weekly, one of Taiwan's largest circulation news and entertainment magazines
* ''Me!'' - A weekly magazine

Taiwan Websites



Publication websites
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Vertical/community portals
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Structure of Next Media


The top management committee of the company is the Board. The Board is responsible for overseeing the successful of Next Media and devising the company’s future strategy. The Board delegates the running of Next Media’s day-to-day operations to carefully chosen Executive Directors and Senior Management. The Board looks to the Management to ensure it appraised of all significant developments that may affect the company and its operations.

There are four committees established by the Board, granted for different kinds of duties.
*Executive Directors: for the purpose of approving issues and allotment of shares

*Audit Committee: mainly to assist the Board in its oversight of the integrity of the Company’s financial statements; the Company’s compliance with legal and regulatory requirements; the external auditor’s qualifications and independence; and the performance of the Company’s internal audit function and external auditors.

*Remuneration Committee; to review and develop policies in relation to the remuneration of directors and senior management of the Company; to make recommendations to the Board from time to time as may be necessary in relation to such policies.

*Ad hoc Sub-committee; made up of the financial heads of all major operation subsidiaries.

Subsidiaries


Apple Daily Limited

Apple Daily Online Limited

Apple Daily Printing Limited

Cameron Printing Company Limited

Database Gateway Limited

Easy Finder Limited

Easy Finder Hong Kong Marketing Limited

Easy Media Limited

Eat and Travel Weekly Company Limited

Next Magazine Advertising Limited

Next Magazine Publishing Limited

Next Media Group Management Limited

Next Media Hong Kong/Publication Publishing Limited

Paramount Printing Company Limited

Rainbow Graphic & Printing Company Limited

Sudden Weekly Limited

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