Radio and Television Station of Shanghai (RTS),a Shanghai-based state media outlet,and its wholly owned subsidiary,Shanghai Media Group (SMG),represent one of the largest state-owned media conglomerates of the People's Republic of China,with the most complete portfolio of media and related businesses.
Formed in 2001,SMG is the result of a merger between the People's Radio Station of Shanghai,East Radio Shanghai,Shanghai Television,and Oriental Television.[citation needed] In 2003 the group conducted a feasibility study with a view to set up a new English channel.[1] It renamed its Shanghai Broadcasting Network to Dragon TV and moved that channel's best-known English program "News at Ten" to Shanghai Television Business Channel and Dragon TV.[2] In January 2008,the Group launch a 24-hour English TV news channel,(ICS –International Channel Shanghai),the second in China after the state-owned China Central Television's English channel (CCTV-9).[3] The content of ICS News is distributed on mobile and internet platforms by US Company China Animation Partners,LLC.[citation needed]
English radio programming includes "Live It Up,Shanghai" broadcasts on the East Radio channel (792am and 89.9fm).[citation needed]
On 2 October the Group hosted special concert to mark the 20th anniversary of South Korea and China's diplomatic ties,with performers including along Kim Jang-hoon,Super Junior-M and EXO-K.[4]
The Walt Disney Studios and Shanghai Media Group Pictures signed a movie development agreement,before 6 March 2014 announcement,in which Chinese themes would be incorporated into Disney branded movies.[5]
Shanghai Media Group is the holding company of Yicai Global (China) (formerly known as China Business Network),which in addition to the TV channel also runs a magazine named CBN Weekly,a newspaper called CBN Paper,radio channel CBN Radio and a number of websites carrying the name.[6] In 2015,Alibaba Group paid 1.2billion yuan ($193.5million) to Shanghai Media Group for 30% of CBN's stocks.[7][8][9] In October 2020,the United States Department of State designated Yicai Global as a foreign mission of the Chinese government.[10][11]
All Channels are using callsigns with a prefix of "Shanghai People's Radio Station"(Chinese: 上海人民广播电台), but most programmes of them has been produced by of SMG Radio Centre (Chinese: 东方广播中心) (a.k.a. Shanghai East Radio Company Limited, Chinese: 上海东方广播有限公司) since 2014.[12]
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