World Media Leaders Meet To Discuss Challenges

Leaders from the
world’s most renowned media organisations at the weekend in Hangzhou, capital of east China’s Zhejiang Province, converged to discuss the challenges news media are facing.
The Executive President of the World Media Summit (WMS) and President of the Xinhua News Agency, Mr Li Congjun presided over the 2nd meeting of the summit and delivered a key-note speech on challenges facing the industry with the emergence of the social media and online media explosion.
Leaders from Xinhua News Agency, News Corporation, the Associated Press (AP), Reuters, ITAR-TASS News Agency, Kyodo News, British Broadcasting Corporation (BBC), Turner Broadcasting System Inc., Google, AL Jazeera Media Network,the New York Times Company, NBC News, MIH Group, Kasturi&Sons Ltd., are attending the meeting.
Leaders have agreed that the WMS will create global prizes for journalism to recognise outstanding journalists around the world.
The meeting also decided that the New York Times will host the third Media Summit in 2014, while Al Jazeera will host the fourth summit in 2016.
The first WMS, took place in 2009, was co-launched by Xinhua and eight other media organisations including News Corporation, AP, Thomson Reuters, ITAR-TASS, Kyodo News, BBC, Turner Broadcasting System Inc and Google Inc.