China appears set to consolidate five state media companies into one “modern financial media group” to increase the government’s influence in economic and financial news coverage, according to Reuters. According to the report, the State Council, China’s cabinet, has given Xinhua permission to acquire the China Securities Journal, Shanghai Securities News, Economic Information Daily and Xinhua Publishing House, consolidating them into what will be known as the China Fortune Media Corporation Group. The new organisation will be unveiled in Beijing on Thursday next week, said Reuters. Fortuitous timing as it will come ... (full story)