BEIJING, June 23, 2017 /PRNewswire/ - Phoenix New Media
Limited ("Phoenix New Media" or the "Company") (NYSE: FENG), a
leading new media company in China, today announced that it has received a
public notice (the "Notice") issued by the State Administration of
Press, Publication, Radio, Film and Television of the People's Republic of China (the "SAPPRFT")
in connection with the Company's and certain other internet
companies' regulatory non-compliances. The Notice requires the
Company to suspend its ifeng video and audio services due to the
lack of the internet audio-visual program transmission license and
certain commentary programs that violates government
regulations.
Phoenix New Media will continue to take measures to strengthen
content management, make sure all content are copyrighted and
regulated, in order to continue the Company's video and audio
operation. The Company will cooperate with SAPPRFT to make the
necessary changes to its ifeng video and audio services. The
Company is committed to complying with government regulation and
continuing to improve the management and operation of the ifeng
video and audio business. The Company believes that the daily
operation of Phoenix New Media will not be impacted by this
process.
Phoenix New Media became aware that, due to its rapid growth, it
did not implement sufficiently robust supervision of ifeng video
and audio services, especially the we-media video content provided
by users and other third-parties. The Company is making great
efforts to eliminate the content in question and to strengthen
management of the ifeng video and audio business.
Going forward, Phoenix New Media will continue to strengthen
cooperation with qualified media, such as CCTV and Xinhua News
Agency, to ensure ifeng's healthy development and compliance.
Meanwhile, the Company will continue to proactively fulfill its
corporate social responsibility, enhance its self-regulation and
welcome public supervision to provide further improved video and
audio services for users.
About Phoenix New Media Limited
Phoenix New Media Limited (NYSE: FENG) is a leading new media
company providing premium content on an integrated Internet
platform, including PC and mobile, in China. Having originated from a leading global
Chinese language TV network based in Hong
Kong, Phoenix TV, the Company enables consumers to access
professional news and other quality information and share
user-generated content on the Internet through their PCs and mobile
devices. Phoenix New Media's platform includes its PC channel,
consisting of ifeng.com website, which comprises interest-based
verticals and interactive services; its mobile channel, consisting
of mobile news applications, mobile video application, digital
reading application, fashion application and mobile Internet
website; and its operations with the telecom operators that
provides mobile value-added services.
For investor and media inquiries please contact:
Phoenix New Media Limited
Matthew Zhao
Email: investorrelations@ifeng.com
ICR, Inc.
Jessie Fan
Tel: +1 (646) 277-1215
Email: investorrelations@ifeng.com
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SOURCE Phoenix New Media Limited