Luyện Nghe VOA - Alibaba Buys South China Morning Post


Alibaba Buys South China Morning Post
E-commerce (1)_____________ Alibaba Group announced last week that (2)___________ the South China Morning Post,SCMP.

It is the (3)__________________ newspaper in HongKong.

Joe Tsai is executive (4)_______________ of Alibaba Group. He said in a letter to SCMP readers that Alibaba wants the newspaper to offer “(5)_____________”reporting that will improve global understanding of China.

The company said this will help (6)______________. Alibaba believes that “(7)_______________ about China in the Western news media are hurting the company’s shares,” which are listed in the U.S., reported the New YorkTimes.

The New York Times said that Alibaba has agreed to pay about (8)__________________ the South China Morning Post. This is a “small outlay” for Alibaba, which has (9)_________________ of $12 billion, according to the Times. The (10)_________________ follows other media deals by Alibaba, reported Reuters. InJune, the company (11)_________________ $194 million for a stake in the ChinaBusiness News, a financial media firm.

The South China Morning Post, which is 112 years old, had been (12)______________ financially. SCMP, its owner, (13)________________ for “shaping its coverage of China with a (14)_______________ stance than other outlets,” according to TechCrunch. The New York Times described the SCMP as “a frayed institution with a depleted (15)_____________” and a declining readership.

Alibaba plans to make all (16)______________ free on SCMP’s website.

China’s ruling Communist party has (17)______________ over Internet use in the country. It (18)_________________ that it considers obscene or subversive. Party censors under Chinese President Xi Jinping have been (19)_______________ intolerant of critical reports in the domestic news media, reported the NewYork Times.

U.S. newspapers under new ownership

Some analysts compared (20)_____________ of SCMP to Amazon’s acquisition of the Washington Post in 2013. The Washington Post is one of the (21)_______________ newspapers in the United States. Jeff Bezos, who founded Amazon.com, paid $250 million for the newspaper, reported the Wall StreetJournal.

The deal showed “the newspaper industry’s (22)____________ and the shift of power from old media to Silicon Valley,” according to the Wall StreetJournal.

Last week, the Las Vegas Review-Journal, the largest newspaper in Nevada, (23)_____________ for $140 million. Billionaire Sheldon Adelson, who owns casinos and is a major donor to the Republican party, (24)________________.

The Review-Journal has a (25)_______________ slant that “aligns with Republicans far more often than Democrats,” reported the Washington Post. The paper also has “outsize (26)_____________” in Nevada, according to the New YorkDaily News.

I’m Mary Gotschall. Mary Gotschall adapted this story for Learning English from a variety ofsources. Kathleen Struck was the editor. Do you have an opinion about this topic? Let us know what you think in theComments section below, or on our Facebook page. ______________________________________________________________

Words in This Story
- Newspaper – n. a set of large sheets of paper that have news stories,information about local events, advertisements, etc., and that are foldedtogether and sold every day or every week
- Accurate – adj. free from mistakes or errors
- Negative – adj. harmful or bad : not wanted
- Outlay – n. an amount of money that is spent
- Stance – n. a publicly stated opinion — usually singular
- Frayed – v. to cause (a cloth or other material) to become worn down at the end or edge : to separate the threads of (a material)
- Depleted – v. to use most or all of (something important) : to greatly reducethe amount of (something)
- Obscene – adj. very offensive in usually a shocking way
- Subversive – adj. secretly trying to ruin or destroy a government, politicalsystem, etc.
- Intolerant – adj. not willing to allow some people to have equality,freedom, or other social rights
- Outsize – adj. very large in size

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