The story
Formed in 2001, SMG is the result of a merger between the People's Radio Station of Shanghai, East Radio Shanghai, Shanghai Television, and Oriental Television. In 2003 the group conducted a feasibility study with a view to set up a new English channel. It renamed its Shanghai Broadcasting Network to Dragon TV and moved that channel's best-known English program "News at Ten" to Shanghai Television Business Channel and Dragon TV. In January 2008, the Group launch a 24-hour English TV news channel, (ICS – International Channel Shanghai), the second in China after the state-owned China Central Television's English channel (CCTV-9). The content of ICS News is distributed on mobile and internet platforms by US Company China Animation Partners, LLC.
English radio programming includes "Live It Up, Shanghai" broadcasts on the East Radio channel (792am and 89.9fm).
On 2 October the Group hosted special concert to mark the 20th anniversary of South Korea and China's diplomatic ties, with performers including along Kim Jang-hoon, Super Junior-M and EXO-K.
The Walt Disney Studios and Shanghai Media Group Pictures signed a movie development agreement, before 6 March 2014 announcement, in which Chinese themes would be incorporated into Disney branded movies.
Shanghai Media Group is the holding company of Yicai Media Group (formerly known as China Business Network), which in addition to a TV channel also runs a magazine named CBN Weekly, a newspaper called CBN Paper, radio channel CBN Radio and a number of websites carrying the name. In 2015, Alibaba Group paid 1.2 billion yuan ($193.5 million) to Shanghai Media Group for 30% of CBN's stocks. In October 2020, the United States Department of State designated the Yicai Global subsidiary as a foreign mission of the Chinese government.
From Wikipedia’s article on Shanghai Media Group, shared under CC BY-SA 4.0.4
