- Phoenix New Media (NYSE:FENG) has come to agreements to extend cooperation deals between subsidiaries and parent company Phoenix Satellite Television Holdings Limited.
- Phoenix TV licenses its content, trademarks and domain names to Phoenix New Media for its businesses, and the two are working on new deals to amend and replace those, which are set to expire on Sunday.
- Significant growth means the deals will require more time to finalize, and so the two have extended their existing cooperation deals to May 27.