Hong Kong's "Poison Media" One Media lost 400 million and laid off 140 people Netizens: Rotten Apple can be thrown away
Overseas Network, June 23, Hong Kong's "East Network" news, the "One Media" founded by the chaotic Hong Kong leader Li Zhiying announced on the 22nd that the loss in 2019 exceeded 415 million Hong Kong dollars, and the cumulative loss in the past 5 years was 1.9 billion Hong Kong dollars. The "Apple Daily", a Taiwan affiliate of "One Media", also confirmed on the same day that due to the impact of the new crown epidemic, it will lay off 140 employees in batches.
"One Media" announced on the 22nd that the fiscal year 2019 has a loss of more than 415 million Hong Kong dollars, an increase of 22.68% year-on-year. The cumulative loss in the past 5 years has exceeded 1.9 billion Hong Kong dollars, and the cumulative loss in the past 10 years has exceeded 2.7 billion Hong Kong dollars. Some analysts said that OneMedia’s digital business is difficult to sustain growth due to subscription support; on the other hand, advertising revenue is shrinking, and it is worried that its stock price will fall below one wave in the future. Before the performance announcement, "One Media" shares fell 1.82%, a cumulative decline of more than 90% from the historical high.
Apple Daily, a Taiwan affiliate of "One Media", also confirmed on the 22nd that operating losses caused by the new crown epidemic caused a sharp drop in advertising revenue. It will begin to lay off 140 employees in batches, with a layoff rate of about 13%. In response, the union of the Apple Daily in Taiwan stated on Facebook that in recent years, colleagues have worked hard to cooperate with the company's transformation, but now they have to bear the consequences of unsuccessful development. The union expressed great regret and puzzlement.
Since the turmoil of anti-revision laws, the Apple Daily has acted as an "anti-China chaos port" in the name of "freedom of the press", smearing police law enforcement, slandering the SAR government, and making up under the banner of press freedom. Regarding the loss of layoffs of "One Media", netizens applauded the messages: "Farewell farewell", "Rotten apples that endanger the people can be thrown away", "Apple Daily is one of the representatives of Taiwan's largest fake news agency", "Apple Rotten Newspaper" , The gas is exhausted." (Overseas Network Zhang Qi)