Rising censorship has triggered an implosion of China's most independent news publication, Caijing magazine.
Caijing editor Hu Shuli and most of her editorial team have resigned after its founder and chief backer, Wang Boming, reportedly did not take her side in a series of editorial battles with the Chinese Government.
The New York Times said the Politics and Law Committee, led by security tsar Zhou Yongkang, ordered in July that Caijing be rectified after it failed to follow directions on reporting the riots that month in Xinjiang.
Hu is now trying to gain clearance to start a new publication called Caixin. The vast majority of Caijing's reporters and editors are hoping to join the new project, according to an editor who resigned as a result of the censorship.
We hope to start the new magazine before the end of the year, he said. It will be a challenge. But we had no choice. To stay we would have had to have traded our independence.
Caijing's publisher plans to continue and has begun hiring a replacement editorial team.