Cool 6 Media Chairman Change Corner

Now Network news August 18, Shanda's Friends of the century officially renamed Cool 6 media, stock code from Hurray to KUTV. Since the acquisition of friends in June last year, the November borrow friends to buy cool 6, and then peel off the hurray of the wireless assets, more than a year of asset maneuver, after a grand finally build China on the Nasdaq listed the first video site.

With cool 6 dust settles, behind the scenes involved in planning the capital operation of the Wu also came to the front. 18th, Cool 6 media announced that Cool 6 founder Shanyou continued to serve as CEO, but Chen Tianqiao no longer as chairman of the company, by Wu successor. Wu will also serve as the Chairman of the Board's new two committees, remuneration committees and corporate Development and finance committees. In fact, when the grand acquisition of Hurray last June, Wu began to serve as the Independent director and Chairman of the audit committee of "Huayi century".

From Sunshine Media founder, Sina co-chairman, to Grand independent director, now shake body again become cool 6 media chairman, Beats's Wu again let person accident.

"There is a natural, logical process." August 25, Wu revealed that he has been a grand independent director since 2006, and earlier on the acquaintance of Chen Flyover, is a good friend. He told reporters that at the end of 2005, after the "Grand box" project frustrated, Chen has repeatedly communicated with him to determine the future development direction and strategy grand. Wu said that Chen's ability to formulate strategies for Wu was very agreeable to the industry's foresight and invited him to become a grand independent director.

According to Shanyou, Chen Tianqiao in the implementation of a plan, that is, to withdraw from the company's front-line management, to subordinate management, including no longer as a subordinate company chairman and CEO. Chen Flyover is now a Royal network chairman and CEO, the company does not have any specific business, similar to a group holding company. According to the 21st Century Economic report

Wu has served as Hong Kong president and other media organizations management, and Yang Lan co-founded the Sun Satellite TV, as the joint chairman of Sina, Internet industry, strategic planning experience. Cool 6 future development, emphasis on the integration of all aspects of resources, including content providers, advertising channel partners. Chen invited Wu to be chairman of the board, it is the fancy Wu have all these aspects of resources, networking and integration capabilities.

"In the long run, Cool 6 media in the future to become China's leading network television stations, customers in the Internet era the best multimedia marketing platform." "The short-term goal is to achieve break-even at the fastest pace," Wu said. ”