Journalist Flouts Beijing Pt 2: "She has blood on her sword and her breath smells of gunpowder"
by Diane Vacca
(For part one of this series, click here)
“She's got blood on her blade and her clothing smells of gunpowder” wrote Chinese blogger Hecaitou after hearing of Hu Shuli’s resignation as editor of Caijing, China’s most important business and news magazine. Though her radical move was not unexpected, the news set Chinese media on fire and sent reporters worldwide racing to file copy.
Neither Hu nor the publisher, Wang Boming, has spoken publicly about their dispute. Rumors of internal dissension at Caijing had been swirling for months, and in October they were confirmed when managing editor Daphne Wu resigned, along with almost three-quarters of her sales force.
Caijing had been obliged to turn over more than half of its revenue to SEEC, which in turn derived almost half of its entire earnings in the first six months of 2009 from the magazine. The loss of income infuriated Hu because of the impact on her news-covering ability. She "felt that Caijing was a cash cow for the [parent company] SEEC and was deprived of the resources she needed to make it world-class," one of her reporters told the Wall Street Journal.
Read the full story at Women's Voices For Change.
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