Chinese publisher goes to the market

One of the China's largest media groups, Liaoning Publishing, is to list its shares on the Shanghai stock market. It's regarded as a landmark move for the country's stop-go commercialisation of its state-dominated media sector. But the government is keen to transform publishers from fiscal burdens into sources of economic growth and it clearly believes private and foreign investors can be allowed to take stakes in media businesses without undermining the influence of party censors over their output. (Via FT.com)