 BEIJING, Aug. 24, 2021 PRNewswire -- Phoenix New Media Limited Phoenix New Media, ifeng or the Company NYSE: FENG, a leading new media company in China, today announced that it has, through one of its affiliated consolidated entities the Licensee, entered into a new program resource license and cooperation agreement the 2021 Program License Agreement with a subsidiary of its parent company, Phoenix Satellite Television Holdings Limited Phoenix TV, and terminate the existing program resource license and cooperation agreement between the parties entered into on January 15, 2020. According to the 2021 Program License Agreement, Phoenix TV grants the Licensee exclusive right to broadcast copyrighted video content and the derived audio content from three television channels of Phoenix TV and its subsidiaries on the internet in Mainland China with such content also broadcasted on the three television channels of Phoenix TV and its subsidiaries. 