Tin Tin Daily News

Tin Tin Daily News also known as Tin Tin Yat Pao was a newspaper in Hong Kong, published between 1960 and 2000. In later years it took a pro-Beijing editorial stand.[1][2] It was founded by the Wai Kee-shun family, who made their fortune in pharmaceutical industry and was the first colour-printed newspaper in Hong Kong.

Tin Tin Daily News
Owner(s)Tin Tin Yat Pao (International)
Founder(s)Wai Kee-shun family
PublisherTin Tin Publication Development
Political alignmentpro-communist (in later years)
LanguageChinese (with Cantonese slang)
Ceased publication2000
CountryHong Kong
Sister newspapers
Sing Tao Daily(in 1990s)
Hong Kong Standard(in 1990s)
Tin Tin Daily News
Traditional Chinese天天日報
Simplified Chinese天天日报

The newspaper was published by Tin Tin Publication Development Limited and was printed by sister company Tin Tin Colour Printing Company Limited. However, the publishing rights was owned by Tin Tin Yat Pao (International) Limited,[3] which was majority owned by bank.[4] The publishing rights was licensed to another company Genvon in 1984 and then Tin Tin Publication Development in 1987.[3]

In 1985, the paper's future was in doubt as the owner of the publisher, Alan Lau's business, Millie’s Handbags and Shoes, had collapsed a year earlier. The paper was kept alive by a HK$30 million bank loan, personally guaranteed by Xu Jiatun, director of the Hong Kong branch of the Xinhua News Agency.[1]

In 1987, 70% stake of Tin Tin Publication Development as well as 100% share capital of Tin Tin Colour Printing was acquired by Jademan Holdings (now known as Culturecom Holdings) for HK$77 million from Ho Sai-chu couple.[4] Jademan Holdings was also proposed to lent money to Tin Tin Publication Development, to refurbish the shareholders' loan of Ho couple to the company, as well as proposed to acquire Tin Tin Yat Pao (International) Limited from the bank and Ho couple.[4] Ho also acquitted a defraud accusation, which the prosecutor accused Ho had defrauded Tin Tin Yat Pao (International) from 1987 to 1990.[5]

In 1990s, the controlling stake of Jademan Holdings was acquired by fellow listed company Sing Tao Holdings, making the newspaper became a sister newspaper of fellow Chinese language newspaper Sing Tao Daily, as well as English language newspaper Hong Kong Standard. Sing Tao Holdings was majority owned by Sally Aw, who also founded another newspaper Express News (Chinese: 快報). Jademan Holdings was also renamed to Culturecom Holdings in 1993. However, in 1998, the controlling stake of Culturecom Holdings was sold to Australia-listed company ViaGold Capital. The new majority owner of Culturecom Holdings, acquired 70% stake of Tin Tin Publication Development from Culturecom Holdings in November 1999, and then also disposed the shares of Culturecom Holdings. It was reported that Tin Tin Publication Development was under a heavy net loss of HK$3 million per month.[6] Culturecom Holdings also leased some office floor area to Tin Tin Publication Development as well as signing some service provider contract with Tin Tin Publication Development in the same month.[6] It was reported that the newspaper had changed ownership again in June 2000.[7]

After a period of declining circulation and popularity,[1] Tin Tin Daily News was forced to close in September 2000.[7] Several related newspapers, Everybody's Daily News (Chinese: 人人日報; Jyutping: jan4 jan4 jat6 bou3) which resemble the Chinese name of the newspaper, as well as Hong Kong Globe (Chinese: 公正報; Jyutping: gung1 zing3 bou3) and A Daily (Chinese: A報; Jyutping: A bou3), soon followed. The former survived for 12 days,[8]:63 while the latter two became defunct by early 2002. It was also reported that Tin Tin Publication Development had failed to pay the loyalty fee to Tin Tin Yat Pao (International). Tin Tin Yat Pao (International) also sued Televerse Publishing, the publisher of Everybody's Daily News for copyrights infringement.[9][10] While Televerse Publishing, had failed to pay Culturecom Holdings for rent as well as failed to pay the salary in March 2001.[11]

See also

References
  1. "Revealed: Why the UK did not warn Beijing's top man in HK about risky bid to save newspaper". HKFP. 16 October 2016. Retrieved 24 July 2018.
  2. Cheng, Joseph, ed. (1997). The Other Hong Kong Report 1997. Hong Kong: The Chinese University Press. p. 460. ISBN 962-201-778-9.
  3. 余鸿建 (April 2005). 有关授权出版(天天日报)与其商誉之案例. 印艺 (in Chinese). No. 256. Retrieved 26 April 2018 – via 大中华印艺网.
  4. "juk6 long4 zaap6 tyun4 sau1 kau3 tin1 tin1 gung6 cik1 zi1 cat1 cin1 cat1 baak3 maan6 baau1 kut3 sau1 kau3 tin1 tin1 ceot1 baan2 cat1 sing4 gu2 kyun4 wo4 tin1 tin1 jan3 caat3 cyun4 bou6 gu2 kyun4，soeng4 waan4 him3 zaai3，bing6 jyu1 saau2 hau6 sau1 kau3 tin1 tin1 gwok3 zai3 cyun4 bou6 gu2 kyun4" 玉郎集團收購天天 共斥資七千七百萬 包括收購天天出版七成股權和天天印刷全部股權，償還欠債，並於稍後收購天天國際全部股權. Ta Kung Pao (in Chinese). Hong Kong. 19 March 1987. p. 5 – via Hng Kong Public Libraries MMIS.
  5. "Tin Tin couple cleared, now seek millions". South China Morning Post. Hong Kong. 10 November 1993. Retrieved 24 July 2018.
  6. 1999–2000 Annual Report (in Chinese and English). Culturecom Holdings. 2000 – via Hong Kong Companies Registry.
  7. "Tin Tin Daily closes". South China Morning Post. Hong Kong. 8 September 2000. Retrieved 24 July 2018.
  8. 陳景祥 (2015). "九七後的言論空間". In Lee, Paul S.N. (ed.). 香港傳媒新世紀 (in Chinese) (2nd ed.). Hong Kong: The Chinese University Press. ISBN 9789629966683.
  9. TIN TIN YAT PAO (INTERNATIONAL) LTD. (IN LIQUIDATION) v. TELEVERSE PUBLISHING LTD. AND OTHERS HCA009048/2000
  10. "jan4 jan4 zou1 gam3 gung1 zing3 bou3 gam1 cong3 hon1" 《人人》遭禁《公正報》今創刊. Sing Tao Daily (in Chinese). Hong Kong: Sing Tao Holdings. 21 September 2000. Retrieved 24 July 2018.
  11. "A bou3 him3 san1 baak3 ng5 maan6 ting4 hon1 jat1 tin1" 《A報》欠薪百五萬停刊一天. Sing Tao Daily (in Chinese). Hong Kong: Sing Tao Holdings. 2 March 2001. Retrieved 24 July 2018.
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