Since early 1990's, cultural exchanges between Taiwan and the Mainland China increasingly have become dynamic. However, though the flow is active, it remains an uneven and unequal state. Because of the political opposition and competition for market share, television-based cultural exchanges between Taiwan and Mainland China inevitably are influenced by political interference and media competition. In other words, the exchange not only is directed by the political ideology but more so, the outcomes of political and economic competitions. This article first examines the current state of television- based cultural exchange between the two sides of Taiwan Strait, and next explores and analyzes the effect of political situations and the hardships that lies within both sides on the TV media exchange. Furthermore, this article explores the myth presented by the media flow between the two sides under the current political situations. This article is meant to raise more questions than providing answers in the hope of encouraging a wide range of discussions.