Shanghai Media Group
Radio and Television Station of Shanghai (RTS), a Shanghai-based state media outlet, and its wholly owned subsidiary, Shanghai Media Group (SMG), represent one of China's largest state-owned media and cultural conglomerates, with the most complete portfolio of media and related businesses. The Oriental Pearl Media Company under SMG was the first cultural and media company in China to realize a market capitalization totaling more than ¥100 billion (US$15B) on the Shanghai Stock Exchange in 2015. By June 2015, SMG has more than ¥61B (US$10B) in assets and about 17,200 employees. SMG's businesses span operations of radio and TV networks, signal transmission, newspapers and magazines, drama and film production and distribution, OTT and streaming, IPTV, online and console gaming, digital advertising, home shopping and e-commerce, financial data and information services, children's arts training, TV post-production services, live entertainment, tourism and cultural investments, etc. History Formed in 2001, SMG is the result of a merger between the People's Radio Station of Shanghai, East Radio Shanghai, Shanghai Television, and Oriental Television. It has 11 analogue TV channels, 90 digital paid cable TV channels, an internet TV service, plus 10 analogue and 19 digital radio services. The group also operates and owns five sports