Rabu, 26 Desember 2007

Hupo.TV to manage Chinese pop radio site (Reuters)

NEW YORK (Reuters) - Chinese online video Web site Hupo.TV, backed by Internet entrepreneur Brad Greenspan, landed an exclusive partnership with China government-backed pop radio station Music Radio, the company said on Wednesday.

Hupo.TV, which draws more than 30 million unique monthly visitors, will manage Music Radios Web site as well as its online marketing and events. Music Radio is part of China Central Peoples Broadcasting Station.

Greenspan once ran the company that owned the top Internet social network MySpace and most recently staged an unsuccessful bid to snatch Wall Street Journal publisher Dow Jones & Co Inc. from Rupert Murdochs News Corp.

The 34-year-old executive sued News Corp last year for its 580 million purchase of MySpaces parent company, claiming the deals low value defrauded shareholders.

Greenspan is chairman of BroadWebAsia, a financial backer of Hupo.TV.

"The Chinese Internet is on the verge of tremendous growth over the next 2-3 years to 250 million users," Greenspan said in a statement.

(Reporting by Kenneth Li, editing by Dave Zimmerman)

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