Headlines from China: Listed Media Giant Sells A Painting to Survive

 /  Headlines From China  / 
Hunan CATV Network Group, the subsidiary of Hunan Broadcasting System, sold “The Foolish Old Man Moves a Mountain” by the Chinese modern art pioneer Xu Beihong at the astronomical price of $300 million on December 14th. The revenue will cover CATV‘s deficit in the past three quarters. Read More