Beginning in 1980s, the phenomena of “deregulation”, “globalizatio”, “synergy” and “convergence” occured in the international media marketplace. These phenomena created a more commercialized, internationalized and liberalized environment in the television market in the Greater China Region. As a result, these three markets have gradually become more unified in the media arena. I propose that social and cultural differences of the Greater China Region affect the outcome of research in each respective region. Taiwan, Hong Kong and China constitute the epicenter of the Greater China Region; other nations with a smaller ethnic Chninese population can be included in this definition of the Greater China Region. I propose that commonalties between these areas, such as the growth of economies, similar cultures and the development of communication technology have created a synergy in the Greater China Region. After China's revolution, a policy was implemented to liberalize and commercialize the marketplace. This was a natural transition considering that government officials wanted to grow the economy to advance society. Deregulating the marketplace seemed to be the best way to grow the economy. Therefore the cooperation between Taiwan. Hong Kong and China's television industries was a natural occurrence. Nowadays, the television industries of the Greater China Region are hypersensitive to what occurs in each respective nation due to four phenomena: “worker cooperation”, “rapid transfer of funds”, “technological cooperation” and “television program exchange”. As a result of this cooperation and inter-dependence, the television market of the Greater China Region is becoming more unified. I also propose that this trend of commercialization and internationalization will lead to the continuation of a liberalized television market. This trend will continue throughout the other nations of the world. Hong Kong is the media center of the Greater China Region because it opened and deregulated its market. The television markets of Taiwan, Hong Kong and China can not exist independently. However, the main obstacle to complete cooperation between these areas is the television markets in the Greater China Region are not entirely liberalized. In China the television market has been liberalized to the extent that competition now exists. This is a consequence of opening the marketplace. Liberalization, therefore, is a challenge that must be met in order for progress to occur. This commercialization, internationalization and liberalization will change communication media in China. Difficulties will naturally follow Because the television market of Greater China Region is both a combination of regional and international, trouble in any one area will influence the television media in another region. The television markets of the Greater China Region must overcome regional, as well as internal, difficulties. The greatest challenge to the Region is from international media competitors and from political obstacles between Taiwan Hong Kong and China. If the Greater China Region can overcome these obstacles, it can expect a long-term successful development. By all accounts, Taiwan and Hong Kong should realize that China is the most important television market in the Greater China Region. In addition, China should recognize that these other areas play a crucial role in the progression of television media. If these areas can work together, they can grow economically, become more efficient with resources and improve upon existing technology. A unified Greater China Region has the capacity to compete with the West in the international media arena.