SINA Announces Receipt of Government Notices
SHANGHAI, April 25, 2014
SHANGHAI, April 25, 2014 /PRNewswire/ --SINA Corporation (the "Company"
or "SINA") (NASDAQ GS: SINA), a leading Internet media company serving China
and the global Chinese communities, today announced that it had received three
notices from Beijing Municipal Cultural Market Administrative Law Enforcement
Unit concerning alleged violations of PRC regulations on the Company's
distribution of certain unhealthy and indecent literary content on its online
reading channel book.sina.com.cnand certain unhealthy and indecent video
content uploaded by users on its website www.sina.com.cn. The Company was
informed that as administrative penalties for these violations, the State
Administration of Press, Publication, Radio, Film and Television proposes to
revoke the Company's Internet Publication License and the License for Online
Transmission of Audio-Visual Programs, and Beijing Municipal Cultural Market
Administrative Law Enforcement Unit proposes to impose an administrative fine
for these violations. It is the Company's understanding that these
administrative penalties are part of the PRC government's campaign to clean up
unhealthy and indecent content on the Internet in China. The Company intends
to fully cooperate with the relevant government authorities and take
appropriate actions as necessary.
Safe Harbor Statement
This press release contains forward-looking statements. The company assumes no
obligation to update the forward-looking statements in this press release and
elsewhere unless required by law. Statements that are not historical facts,
including statements about the Company's plans and expectations, are
forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties. A number of important factors could cause actual results to
differ materially from those contained in any forward-looking statement.
Potential risks and uncertainties include, but are not limited to risks
included in the Company's filings with the Securities and Exchange Commission.
Phone: 8610-82628888 x 3112
SOURCE SINA Corporation
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