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Bloomberg Businessweek Expands in Asia

June 24, 2013

Hong Kong — Bloomberg Businessweek magazine today announced a
new licensing agreement with Modern Media Holdings Limited
(Listed no. 0072)to publish a Traditional Chinese-language
edition of Bloomberg Businessweek in Hong Kong. This agreement
builds on the existing Bloomberg Businessweek/Mainland China
partnership with Modern Media, and will allow the magazine to
further its reach among globally-minded business leaders in an
increasingly important and influential region.

On June 26, 2013, Bloomberg Businessweek/Chinese Edition will
launch as a weekly magazine distributed every Wednesday in Hong
Kong. The new edition will feature locally-focused business and
financial content from Bloomberg News’ 26 Asian news bureaus and
Modern Media Holdings, and will uphold the dedication of the
Bloomberg Businessweek brand to innovative editorial and design.
The magazine will also be available across mobile and tablet

“We are committed to delivering a great magazine to our readers
in Greater China that has engaging stories about who and what
will be shaping the local business landscape next,” said Paul
Bascobert, President of Bloomberg Businessweek. “Modern Media is
the right partner for Bloomberg Businessweek/Chinese Edition, as
it has demonstrated a keen understanding of the market, and is
able to smartly integrate Bloomberg’s reporting with its
original content. This is yet another sign that Bloomberg is in
Greater China for the long-term, and we believe our partnership
with Modern Media will help us continue to inform and inspire
influential senior business executives in one of the world’s
most exciting growth regions.”

Bloomberg Businessweek’s expansion demonstrates the worldwide
success of the award-winning magazine and Bloomberg LP’s Asia
momentum. The reinvention of Businessweek under Bloomberg has
been celebrated by both readers and advertisers, with Bloomberg
Businessweek’s individually paid subscribers growing 37% from
the end of 2009 through the end of 2012, according to the Audit
Bureau of Circulation, and ad pages growing 19.5% in that same
period, as stated by Publishers Information Bureau. In January
2012, the magazine’s global rate base increased from 900,000 to
980,000 and dedicated regional editions were launched in Europe
and Asia. Bloomberg Businessweek’s circulation in Asia doubled
over 2012, and according to the BE Asia 2012 survey, 50% of
Bloomberg Businessweek’s Asia edition are in the C-Suite.

Modern Media Chairman Mr. Thomas Shao said, “Modern Media and
Bloomberg share the same goals and spirit -‘Lead. Don’t Follow’.
The forthcoming Bloomberg Businessweek/Hong Kong edition
combines Bloomberg and Modern Media’s elite editorial teams from
Hong Kong, Taiwan and Mainland China within the areas of
culture, finance and arts to report on the Hong Kong market’s
most in demand companies and hottest topics. The rich analysis
of new economic and social changes will allow readers to stand
taller, see further and understand global trends better to
become a leader in the world’s financial stage.”

About Bloomberg Businessweek

Recipient of the 2012 National Magazine Award for General
Excellence, Bloomberg Businessweek offers a global perspective,
timely insights, and unique stories to a new breed of business
leader who has an original vision for the future and a
willingness to think differently. Founded in 1929, the magazine
is a trusted market leader with a global circulation of over
980,000 each week and is available in more than 150 countries.
Bloomberg Businessweek covers the business world like no one
else can by drawing on more than 2,400 journalists in 146
bureaus across 72 countries. The award-winning Bloomberg
Businessweek+ app is available on the iPad, iPhone, and iPod

About Bloomberg LP

Bloomberg connects influential decision makers to a dynamic
network of information, people and ideas. Our strength – quickly
and accurately delivering data, news and analytics through
innovative technology – is at the core of everything we do. With
over 15,000 employees in 192 locations, we deliver business and
financial information, news and insight around the world. For
more information visit

About Modern Media

Modern Media is a leading integrated media enterprise with a
multi-media platform comprising of established magazine
portfolio, digital media, and TV media. Modern Media produces
high quality contents for elite audience in China, and provides
one-stop marketing solution for brand marketers. Modern Media is
principally engaged in the publication and operation of print,
digital, and TV media in Mainland China and Hong Kong. For more
information visit

Media Contacts:

APAC, Helen He,,8610 66497593
US, Rachel Nagler,, +1-212-617-7187
Modern Media, Ken Cui,, +8621 6335