The Straits Times
Pritam, Iswaran spar on funding, editorial independence of SPH s new media entity
Mr Singh holding up a printout of a New Paper front page from the 1997 election in Parliament on Monday (May 10). He asked what the Government would do to foster a culture of editorial independence across SPH’s titles after the media restructuring.PHOTO: GOV.SG
PublishedMay 10, 2021, 4:18 pm SGT
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The Straits Times
SPH media restructuring must be seen in context of pressures faced by newspapers globally: Shanmugam
Law and Home Affairs Minister K. Shanmugam also noted that it is vital for the media to retain the trust of the public.ST PHOTO: KUA CHEE SIONG
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Details 07 May 2021
Singapore s Ministry of Communications and Information said it supports Singapore Press Holdings (SPH) proposal to transfer its media business, SPH Media, to a company limited by guarantee. SPH s flagship title
The Straits Times reported that the government is willing to offer funding support to the company to help build up capabilities for the future. The statement came following a shocking announcement yesterday by SPH where it announced the transference of its media business to a newly incorporated wholly-owned subsidiary, SPH Media Holdings. This involves the shift of its entire media-related businesses of SPH including relevant subsidiaries, relevant employees, News Centre and Print Centre along with their respective leaseholds, as well as all related intellectual property and information technology assets. SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum, and the not-for-profit e
SINGAPORE, May 6 The Singapore Press Holdings (SPH) will be restructuring its media business into a not-for-profit entity amid falling advertising revenue. With this move which is expected to be fully completed by October, subject to shareholders’ approval SPH’s media.