|Bid||2.70 x 2400|
|Ask||2.79 x 100|
|Day's Range||2.70 - 2.82|
|52 Week Range||2.43 - 4.30|
|PE Ratio (TTM)||38.31|
|Earnings Date||Aug 7, 2017 - Aug 11, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||4.32|
BEIJING, June 23, 2017 /PRNewswire/ - Phoenix New Media Limited ("Phoenix New Media" or the "Company") (FENG), a leading new media company in China, today announced that it has received a public notice (the "Notice") issued by the State Administration of Press, Publication, Radio, Film and Television of the People's Republic of China (the "SAPPRFT") in connection with the Company's and certain other internet companies' regulatory non-compliances. The Notice requires the Company to suspend its ifeng video and audio services due to the lack of the internet audio-visual program transmission license and certain commentary programs that violates government regulations. Phoenix New Media will continue to take measures to strengthen content management, make sure all content are copyrighted and regulated, in order to continue the Company's video and audio operation.
As it turns out, the Chinese like to talk politics as much as the western world likes to volley back and forth on the matter via Facebook Inc (NASDAQ:FB). WB stock fell 8.5% on the news, but was hardly alone. Phoenix New Media Ltd ADR (NYSE:FENG) and Sina Corp (NASDAQ:SINA) were off 2.2% and 5.4%, respectively.
Chinese regulators ordered three popular internet platforms to stop streaming political videos, expanding the crackdown on online political dialogue as China prepares for an important political handover....