David Barboza of The New York Times reports Tuesday on the inner turmoil at Chinese business magazine Caijing, which has led to mass resignations of its staff. The magazine has relationships with The Wall Street Journal and Reuters.
“The dispute threatens to dismantle one of the country’s leading media properties, a thriving magazine published twice a month that specializes in investigating government corruption and corporate fraud. Caijing also has partnerships with The Wall Street Journal and Reuters.
“For months, Ms. Hu, who as the magazine’s managing editor is its top editorial employee, and the magazine’s business managers have been locked in a struggle with Caijing’s owners over the magazine’s editorial policy, according to former employees and current staff members who asked not to be named because they feared for their jobs.
“The owners of the magazine have recently come under pressure from some within the government to tone down or drastically alter Caijing’s aggressive journalism, people at the magazine say. Caijing’s managers have told staff members that they have been fighting to maintain the magazine’s editorial integrity.”
Read more here.
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It is my understanding that Hu has already resigned and this move has been in preparation for a long time; she will start a new weekly business magazine with Caijing's existing staff (who are following her) backed by new investors.