The New Zealand operator of three Chinese-language radio stations and an online news site—which it claimed made it the largest foreign-language outlet in the country—has been put into receivership by its largest shareholder, Fu-nu Tsai.
Best News Entertainment operates three stations, Chinese Voice, Love FM, and AM936, as well as a digital news outlet called NZ936, plus a free-to-air TV channel, TV32, which broadcasts original programming, news, and state programming from Taiwan, Hong Kong, and China.
Companies Office records show Tsai owns 60 percent of Best News Entertainment, with its sole director, Auckland-based Lynn Li Mei Chang, controlling the remaining 40 percent….
New Zealand’s ‘Largest’ Chinese Media Firm Goes Bust, Again
