Jimmy Lai Sells Embattled Taiwan News Media

Next Media Ltd., the sensationalist Hong Kong publisher controlled by Jimmy Lai, plans to sell its Taiwan news businesses for NT$17.5 billion ($600 million) after a failure to win licenses triggered losses. Shares surged.

Markets Pause From Selloff
47:13 - Pioneer Investments Executive Vice President John Carey weighs in on the volatile markets and discusses his investment strategies. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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