Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Longleaf experienced several environments throughout its experience in small-cap investing. This year, the underlying developments in the Fund’s holdings were more promising than the actual stock price returns when compared to the target of inflation plus 10% and the unusual performance of the Russell 2000. In Q4 2025, the Fund returned ...

新世纪评级 文化传媒行业 2025 年信用回顾与 2026 年展望 文化传媒 稳定 文化传媒行业 2025 年信用回顾与 2026 年展望 工商企业评级部 蒋卫 沈靓 摘要 文化传媒行业易受宏观经济景气程度影响。经过高速增长及调整后，近年， 随人工智能 (AI)、短视频、网络直播等业态的发展与交叉融合带动多个 细分行业协同发展，传媒产业总产值维持增长。（电影及院线）2025 年电 影票房回暖，观影人次增长，动画表现抢眼。院线票房格局大体稳定，影 院数和银幕数维持增长。（广告）2025 年我国广告市场在规模扩张、数字 转型、体验升级、品牌价值回归等多重维度呈现显著发展特征，整体保持 稳中有进、价值深耕的态势，成为拉动经济增长、推动产业升级的重要力 量。广告主以创新驱动增长，新品推广投入持续加码。广告营销行业"线 上线下双轮驱动"的趋势进一步深化。AI 技术应用于营销进入全面实践 阶段。（广播电视）互联网及新媒体发展等多重因素对传统有线收视业务 带来冲击，全国有线电视实际用户低位波动。广电持续推进 5G 业务。（出 版发行）我国图书出版量维持在高位，出版结构逐步优化，但报刊出版持 续下降。2025 年我国图书零售 ...

五场晚会，流光溢彩耀春宵；满屏星光，好戏连台醉心潮。2026马年春节，云南广播电视台携五台重磅 精品晚会强势领跑春节档，全网累计传播量突破20亿，场场刷屏、节节出圈，以现象级传播实绩，彰显 主流媒体的创新实力与责任担当，更印证云南广电系统性变革全面见效、硕果斐然。 腊月廿六至正月初二，云南卫视新春黄金档温情上线，四大主题晚会匠心呈现、名家荟萃、精彩纷呈， 以文化为根、以创新为翼，点亮新春视听盛宴。 群口快板:林俊宇(马来西亚)、成龙(加纳)、柏爱莉(黑山)、玛丽娜(莫桑比克)、 萨沙(俄罗斯)、贝庭笙(美国) 舞狮表演:心怡(美国) 2月14日，2026年"我们的节日·春节"原创楹联诗词展示活动精彩上演，汇聚文艺名家，融合古典诗词、 非遗技艺与现代表达，在墨香雅韵中传承中华文脉，献上古韵新风相融的文化盛宴。 2月15日，2026"汉语桥"春节联欢晚会璀璨启幕，恰逢项目创办25周年，33国青年相聚昆明，以中文为 桥、以文化为媒，跨越山海共贺新春，搭建文明对话、民心相通的国际桥梁。 主 持 人 :罗维卫(俄罗斯)、苏俐娜(塞尔维亚)、戴庐可(比利时)、王玲惠 k 《玉洲同新演》 新年歌曲联唱:小卡(荷兰)、艾迪( ...

Core Insights - The 2026 Yunnan Spring Festival Gala, themed "Golden Horse Treads Spring, Harmonious and Beautiful," aims to achieve breakthroughs in data dissemination, cultural expression, public resonance, and international communication, creating a new model of impactful communication [1][35] - As of February 18, 2026, the gala's online viewership exceeded 800 million, with the Weibo topic 2026YunnanSpringGala garnering over 500 million reads and trending at over 23 million, topping multiple hot search lists [1][35] - The gala was broadcasted simultaneously across 20 platforms, with major media outlets like Xinhua News Agency and CCTV actively promoting it, achieving extensive reach [1][35] Media Engagement - The event utilized a four-tier media collaboration ("central-province-city-county") to effectively push content to nearly 300 million IPTV households nationwide, ensuring comprehensive penetration across both large and small screens [1][35] - The gala's social media presence was significant, with multiple trending topics on platforms like Weibo and Kuaishou, indicating high engagement and popularity among viewers [1][35][32] Cultural Impact - The gala featured performances that highlighted the beauty of Yunnan's landscapes and cultural diversity, with original songs like "Full Sky of Stars" appealing to younger audiences [22][35] - The integration of themes such as rural revitalization, ethnic unity, and international friendship into the performances was noted for its subtle yet impactful delivery, resonating well with the audience [35][34] Technological Innovation - The event showcased advancements in stage design and technology, enhancing the overall viewing experience and contributing to the gala's positive reception [32][35] - The use of innovative elements, such as the debut of a robot in a language program, surprised and delighted viewers, showcasing the creative potential of the gala [23][35]

Core Viewpoint - The 2026 Spring Festival Gala features multiple venues, including a main venue in Beijing and sub-venues in Harbin, Yiwu, Hefei, and Yibin, showcasing a rich cultural experience through innovative performances and technology [1]. Group 1: Venue Highlights - The Harbin sub-venue focuses on the theme "Ice and Snow Warm the World," blending the grandeur of ice and snow with the warmth of the economy and the vitality of the city [1]. - The opening performance at the Harbin sub-venue takes place in the Ice and Snow World, featuring a taxi journey that introduces viewers to the warmth of Harbin through the eyes of returning locals and children experiencing the city for the first time [1]. Group 2: Featured Personalities - Actress Song Jia, a native of Harbin, is chosen as a key figure to connect the stories presented during the gala, appealing to a broad audience [3]. - The narrative involves a mother from Harbin and her child experiencing the city for the first time, providing a subjective perspective that highlights the city's unique characteristics and cultural essence [5]. Group 3: Technological Integration - The gala incorporates advanced technology, such as a satellite developed by Harbin Institute of Technology, which plays the song "The East is Red" from space, celebrating both Harbin's musical heritage and China's aerospace achievements [10]. - The performance features a romantic scene with a "viral snowman" and a girl dancing on ice, which has been well-received by viewers [8]. Group 4: Stage Design and Effects - The main stage at the Ice and Snow World is designed without traditional screens, relying solely on lighting and high-tech effects to create a dreamlike representation of the icy landscape [12]. - Specially crafted snowflakes made from a unique steel mesh material enhance the visual effects, reflecting projections to create a magical atmosphere [14].

Core Viewpoint - The article highlights the innovative use of AIGC (Artificial Intelligence Generated Content) and XR (Extended Reality) technologies by the Shaanxi Broadcasting Media Group's Technology Research Institute, showcasing their impact on content creation and cultural heritage dissemination through projects like the animated short "The Adventures of Tang Sancai and the Terracotta Warriors" at the 2026 Silk Road Spring Festival Gala [1][2]. Group 1: AIGC and XR Technology Implementation - The Technology Research Institute has been exploring AIGC for full-process content production prior to the Silk Road Spring Festival, enhancing both efficiency and quality in content creation [2]. - AIGC has replaced traditional production software in daily content production, allowing for precise corrections of live-action footage and seamless replacements of unreasonable elements, resulting in time and cost savings while improving realism and detail [4]. - The institute's projects, such as the VR experience "Dinosaur World Adventure," demonstrate the capability of AIGC and XR technologies to create immersive environments that support multiple users simultaneously [5]. Group 2: Future Projects and Developments - The Technology Research Institute plans to continue its focus on AIGC and XR technologies in 2026, with significant projects including a red resource XR restoration project and a large space project at the Zhao Mausoleum [7]. - The institute aims to establish a micro-short drama creation platform and an immersive filming production system, providing comprehensive technical services for script generation, digital character operation, virtual scene production, and post-production effects optimization [7].

2月17日，央视春晚主持人刘心悦在社交平台发布拜年语音，祝福大家新年顺利，一切都好，并谢谢大 家的祝福和鼓励，自己都收到了。并透露体重仅93斤：压力瘦，收获近年体重最低。 2026年央视春晚舞台上，39岁的刘心悦以沉稳大气的主持风格惊艳全国观众，被媒体和网友称为"空降 黑马"。 公开信息显示，刘心悦1987年出生于吉林省，毕业于浙江传媒学院，曾在浙江电视台、辽宁电视台工 作。在加入中央电视台之前，她已经先后六次主持辽视春晚。 2023年，刘心悦参加中央广播电视总台主持人大赛，获得银奖。2024年，她开始主持央视《向幸福出 发》《乐享汇》《中国文艺》等节目。同年，她还担任了央视春晚辽宁沈阳分会场主持人。 值得一提的是，刘心悦踏上主持人道路是"半路出家"。 2006年，刘心悦考入浙江师范大学汉语言文学专业。大二时，她参加了"未来主打星"电视主持人选拔 赛。 根据比赛规则，获得优秀名次的选手可以转入浙江传媒学院学习播音与主持。刘心悦最终获得第七名， 成功转入播音主持专业。 2023年，36岁的刘心悦登上了央视主持人大赛舞台，一路过关斩将，不少名场面给观众留下了深刻印 象。 在总决赛上，撒贝宁提出了一个考验文化功底的 ...

来源：新华社 新华社北京2月17日电 题："十二花神"颂新春，"人机共武"绘未来——透视中央广电总台2026年春晚 亮点 新华社记者白瀛 当"妈妈的电影院"徐徐展开百姓真切的日常与牵挂，当"十二花神"以歌咏舞姿送上"月月有好花"的新春 祝福，当具身机器人以矫健身手与少年同台共"武"…… 在"欢乐吉祥、喜气洋洋"主基调下，中央广播电视总台2026年春节联欢晚会以一系列融汇深情、古韵与 未来感的节目，描绘一幅融汇文化自信与创新活力的新春画卷。 走进"妈妈的电影院"，聚焦百姓日常与牵挂 "妈妈脑海里是不是有一座电影院，存放着我从小到大所有的瞬间。她孤单时候就坐在里面，一帧一帧 播放我的童年……"歌曲《妈妈有座电影院》将孩子的成长瞬间化作一张张电影胶片，从蹒跚学步到长 大远行，质朴的歌词娓娓道出时光流转里的陪伴与牵挂。 表现普通人的柴米油盐、喜怒哀乐，是今年总台春晚一道温暖人心的风景线。 短剧《你准喜欢》通过年轻夫妻"刷手机"的故事，展现对社交媒体产品的思考；小品《奶奶的最爱》聚 焦机器人融入家庭生活场景，表达祖孙间真挚的爱与惦念；小品《包你满意》透过物业与业主的温情互 动，描绘出社区共建的和谐图景…… "呈现百姓真 ...

本报讯（记者 邱伟）除夕夜，中央广播电视总台《2026年春节联欢晚会》这道"欢乐吉祥、喜气洋洋"的文化大餐如约而至。整台晚会将文化味、科技感与 国际范融为一体，汇聚成感人的"新春乐章"，陪伴全球华人和海外朋友共度团圆和美、昂扬奋进的中国年。 李健在《人间共鸣》中抒怀高山流水、知音难得。王菲在《你我经历的一刻》中道出百年长河里人与人相遇相知的珍贵缘分和互相照亮的暖意。胡德夫、辛 晓琪、伊能静、周传雄、苏有朋、侯佩岑、欧阳娜娜、陈立农带来组曲《宝岛恋歌》，同根同源的血脉共鸣流淌在每个音符里。 春晚是各行各业奋斗者的大联欢，也是普通人生活的生动表达。王铮亮、汪苏泷、李现携手世界技能大赛中国获奖者代表带来微音乐剧《每道光》，致敬每 个平凡岗位上的奋斗者。《来晒秋》中，凤凰传奇与宁夏回族自治区中卫市中宁县大战场镇农民合唱团同台唱响丰收欢歌。 "这是春雨吗？这不是春雨，这是恰逢时节的滋养，是唤醒万物的生机。"农民诗人"沂蒙二姐"吕玉霞以诗意报幕，一场《喜雨》勾勒出"好雨知时节"的自然 之美。培育"中国芯"月季的花卉育种研究员蔡艳飞、世界技能大赛中国获奖者代表等"追梦人"，用质朴的话语祝愿花开中国、仓廪满盈、美满人间。 军 ...

今天（2月17日）是大年初一，也是春节假期第三天。记者从北京市公园管理中心了解到，今天北京市属公园共接待游客27.31万人次，较假期前两天进一步 增长，游园热持续升温。游客量排名前三位的是天坛公园、颐和园、景山公园。 除了传统迎新祈福，国家植物园的"新春奇妙夜"、北京动物园的"动物饺子宴"、百望山森林公园的"登高赏梅"等特色活动，成为今年春节北京游园的新亮 点，为市民游客呈现了一场年味浓郁、温情满满的新春盛宴。 奇妙夜赏兰寻趣 沉浸式邂逅自然之美 登高踏香寻福寿 灵骏迎春闹新春 萌宠同庆中国年 大年初一，北京动物园的工作人员与市民游客一起写春联、送福字、体验雕版年画，在互动中触摸传统技艺，感受年俗的深厚底蕴。 大年初一至初七，国家植物园（北园）推出2026新春奇妙夜活动，以展览温室和低温温室为核心，打造夜间沉浸式赏花与动植物互动体验。其中，整修一新 的低温温室首次开放，约一万平方米的展区内，划分特色文创、新奇爬宠、食虫植物三大特色展馆，让市民游客在此解锁探索自然的新奇乐趣。 而作为核心展区的展览温室，正被以兰花为主的近千个品种的万余株花卉，装扮成"花的海洋"。四季花园展区内，镂空的骏马奔驰在花海之中，五彩斑斓 ...