Propeller TV sold to Chinese entrepreneur

A CHINESE businessman has bought the Yorkshire-based satellite TV channel Propeller and plans to use it to broadcast programmes promoting China in Europe.

Ye Maoxi, chairman of Beijing-based advertising company Xiking Group, has acquired Propeller from Grimsby Institute of Further and Higher Education.

Propeller, broadcast via digital provider Sky on channel 195, is a non-profit channel launched in 2006 with a public-funded investment of £5.2m, including money from Yorkshire Forward.

Mr Ye, who is also chairman o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...