Phoenix TV to lose from InfoNews & NA Channel in Q3 & Q4

In the financial year to June 30, Phoenix Satellite Television Holdings Limited (8002), the company's net profit grew by 7.3%, but it recorded losses in the third and fourth quarter of the year. Liu Changle, Chairman and CEO of the company, said that the losses were mainly come from the newly launched InfoNews Channel and North America Chinese Channel, expecting the two channels

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