Explore the latest updates, trending stories, and related news about #media industry.
KBS is moving into crisis-management mode after another deficit, highlighting the financial pressure facing major Korean broadcasters.
South Korea’s broadcaster JTBC is drawing renewed scrutiny after reports that some performers and production workers may not have been paid despite the company signaling serious financial distress and exploring “rescue proceedings.” The latest controversy centers on an alleged unpaid appearance fee linked to an ongoing variety production, raising fresh questions about how the network […]
South Korea’s JTBC and related companies have entered a longer restructuring window after a court-approved rehabilitation plan timeline that could extend to as long as 1 year and 6 months, according to reporting from Hankyoreh. The development deepens uncertainty for the country’s broadcast and content ecosystem, as stakeholders weigh how governance, financing, and ownership decisions […]
South Korean broadcaster JTBC is entering a prolonged phase of corporate restructuring after reports that the rehabilitation plan for its parent group—Central Holdings and related entities—may take up to as long as 1 year and 6 months to receive formal approval. The development adds uncertainty to the station’s near-term operations while raising questions about who […]
Workout request follows final default on 22 billion won in notes South Korea’s JoongAng Ilbo has formally applied for a corporate workout after reportedly failing to repay about 22 billion won (roughly tens of millions of U.S. dollars) tied to commercial notes, according to coverage summarized by major Korean news outlets. The move marks another […]
South Korea’s broadcasting sector is facing continued financial strain, with industry revenue declining for a third consecutive year, according to a recent report on the state of the market. The outlook is particularly worrying for groundwave (terrestrial) broadcasters, which are expected to record operating losses again this year, highlighting how legacy media economics are being […]
South Korean broadcaster MBC said anchor Kwon Soon-pyo will be leaving the weekday news variety program “News High Kick”, according to reports carried by local media on Wednesday. Kwon, known for delivering sharp and accessible commentary, plans to pursue a “new challenge”, marking another personnel shift in a studio program that has built loyal viewers […]
South Korean broadcaster JTBC has disclosed that it failed to repay approximately ₩20.0 billion (about $13.1 million) tied to securitized loans, after major credit agencies sharply downgraded the company’s debt ratings this week. On June 12, NICE Credit Rating reduced JTBC’s credit rating from “BBB0” to “CCC,” a level associated with a very high risk […]
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