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Internet is hurting China's state-run old media

Communist Party outlets losing audience to online rivals

China Central Television, headquartered in this building in Beijing, has seen its ratings drop 30% from its peak. (Getty Images)

BEIJING -- China has long supported the domestic internet tech industry as a key to growth, but this policy is now creating a headache -- The more people get news from online sources, the less influence state-run media wields over the public.

After roughly 15 years working for China Central Television, one Beijing resident in his 40s decided to call it quits. "Over the years, I have lost a sense of fulfillment, and on top of that, my pay decreased to a third of what it used to be," he said. The man went on to land a new job at a major internet firm.

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