Phoenix New Media

FENG

Phoenix Television is a partially state-owned television network that offers Mandarin and Cantonese-language channels that serve the Chinese mainland, Hong Kong, Macau, Taiwan and other markets with substantial Chinese-language viewers. It is operated by Phoenix Satellite Television Holdings Ltd, a television broadcaster with headquarters in Mainland China and Hong Kong. It is also registered in Cayman Islands.The CEO and founder of Phoenix TV, Liu Changle (劉長樂), was an officer and political instructor in the People's Liberation Army in its 40th Group Army. He later became a journalist for the Communist Party of China-controlled China National Radio after the Cultural Revolution and remains well-connected to the Party's leadership. Liu is a standing member of the National Committee of the Chinese People's Political Consultative Conference.Phoenix Television calls itself a Hong Kong media and holds a non-domestic television programme services license in Hong Kong. Most of the company's customers and non-current assets come from Mainland China. Freedom House describes the Phoenix Television as pro-Beijing.The company's head offices are located in Shenzhen, China and Tai Po, New Territories, Hong Kong and it also has correspondent offices in Beijing and Shanghai. The Shenzhen office is said to produce half its TV output.

Phoenix New Media has been a target of short sellers for a while. The current short interest of 0.06% is roughly at the average of the last 12 months (0.27%).