Next Media Network
Besides Next magazine, Next Media limited also owns one newspaper and several magazines: the Apple Daily (蘋果日報 pinyin: Píng Guǒ Rì Bào), Easy Finder (壹本便利 pinyin: Yī Běn Biàn Lì ), Sudden Weekly (忽然1週 pinyin: Hū Rán Yī Zhōu ) and Eat & Travel Weekly (飲食男女 pinyin: Yǐn Shí Nán Nǚ ). All of which are printed by Database Gateway Limited since October, 2001, but the major shares of the following two magazines, Sudden Weekly and Eat & Travel Weekly has sold to Malaysian media conglomerate company Astro All Asia Networks plc in November 2006, and sold the rest of shares of these two magazines in the end of 2008.
Following the success of Next Magazine and Apple Daily in Hong Kong, the Taiwan branch of Next Media Publishing Limited, a wholly owned subsidiary of Next Media Limited, was set up in Taiwan on 31 May 2001. The emergence of Taiwan Apple Daily and Next Magazine introduced a completely different way of reporting in Taiwan. Next Media Network has confidence in being in the top three in the newspaper sector in Taiwan by using a new reporting style and its high quality of publication.
Next Media Network is a great success in Hong Kong. Between 31/3/2002 and 31/3/2003, its total sales and net profit are about $2,150,100,000 and $367,600,000 respectively. Comparing to 2002, the total sales has increased by 91.8% while the net profit has increased by 1284.4%. For Next Magazine only, it just took 3 years to move to making a profit.
Read more about this topic: Next Magazine
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