FURTHER details surrounding the media ‘blackmailing’ case, revealed earlier, have been released by Shanghai Police, the Beijing Times reported. Several journalists at a financial website and PR firms were discovered to have allegedly used their influence to profit from targeted companies.
The probe into the website of 21st Century Business Herald, an influential business daily in China, began after tip-offs that it had blackmailed companies in exchange for positive stories. It is reported that the website established cooperative relationships with more than 100 companies since April 2010.