SHANGHAI, May 2, 2014 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ GS: SINA), a leading Internet media company serving China and the global Chinese communities, today announced that it received two notices from the State Administration of Press, Publication, Radio, Film and Television stating that the Company's Internet Publication License and License for Online Transmission of Audio-Visual Programs would be revoked due to certain unhealthy and indecent content from third-parties or by users on its portal, i.e., on its online reading channel book.sina.com.cn and on its website www.sina.com.cn. The Company also received a notice from the Beijing Municipal Cultural Market Administrative Law Enforcement Unit, which imposed an administrative fine of RMB5,085,183 (US$815,038) on the Company in connection with the content referred to above. The Company is currently evaluating the impact of these administrative penalties on its business operations and its administrative options and intends to fully cooperate with the relevant government authorities.
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SOURCE SINA Corporation