TAIPEI (Reuters) - Taiwan's ruling party has blocked an anti-media monopoly bill that could have derailed a deal to put nearly half of the island's print and television operations in the hands of a group of pro-China businessmen.
Next Media Ltd, owned by Hong Kong media mogul Jimmy Lai, signed a deal in November with five Taiwan tycoons to sell its Taiwan print and TV assets for T$17.5 billion (372 million pounds), sparking fears the agreement with pro-China forces could spell trouble for press freedom on the island.
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