Chinese state media have reportedly quoted the State Administration of Radio, Film and Television official Tao Shiming as saying that the networks need to be consolidated, although SARFT has yet to formally announce the policy.
"The nation's radio and television networks need to be consolidated under one roof as currently they are individually run and have not developed into large-scale entities," senior SARFT official Tao Shiming was quoted as saying.
Plans are still being made but a new company would have start-up investment of about 80 billion yuan (US$11.8 billion) and would have much better economy of scale for investment in technology and programming.
The process is likely to take three years. It would create a rival to state broadcaster China Central Television (CCTV).