From Danwei blog:
The Billsdue blog has made available for download a PDF of a detailed Goldman Sachs report on the recently listed Beijing Media Corp (BMC).
Goldman Sachs sees the following as BMC’s strengths:
(1) its focus on middle- to high-end consumers, which gives it pricing power;
(2) its network with advertising customers, which is larger than any of its competitors’ and allows it to expand its advertising volume swiftly;
(3) government support for its new ventures in the heavily regulated media industry.
