Phoenix Satellite Television Holdings Limited and its subsidiaries are engaged in satellite television broadcasting activities. The Company operates in six business segments: television broadcasting, programme production and ancillary services, new media, outdoor media, real estate, and other activities. Television broadcasting segment includes broadcasting of television programmes and commercials and provision of promotion activities. The new media segment includes the provision of Website portal and telecommunication services. The outdoor media segment includes the provision of outdoor advertising services. The real estate segment includes the construction of Phoenix International Media Centre in Beijing. The other activities include merchandising services, magazine publication and distribution, and other related services.