Singapore News - Former Cabinet minister Khaw Boon Wan will chair the new entity set up after Singapore Press Holdings (SPH) restructures its media operations. The move has been discussed with SPH's current management shareholders, who have agreed that Mr Khaw is the right choice, given the. Read more at www.tnp.sg
Dealmakers - collaboration is in
Steve Monnington, managing director of Mayfield Media Strategies, runs the roost over the latest mergers and acquisitions.
The theme running through the few transactions that have taken place in the last two months is ‘collaboration’ and, given the difficult situation that companies find themselves in as a result of the pandemic, I’m sure that we will be seeing more of these.
Nexus Point, an Asian private equity fund with a focus on strategic opportunities in China, has agreed to invest up to €192m in GL Events Greater China in two tranches over the next two years. GL Events announced their 2020 results with an overall 59% drop in revenue from 2019. Unsurprisingly, all three areas of their business – Live, Exhibitions and Venues - showed significant decreases with exhibition revenue down 70% from €231m to €68m.
SPH CEO apologises for lashing out at CNA reporter Details 10 May 2021
Singapore Press Holdings (SPH) CEO, Ng Yat Chung, has apologised for any offence [he] might have caused , adding that he [regrets] any distraction from the merits of the proposed restructuring . According to
The Straits Times (ST), Ng explained that he defended SPH Media s long-cherished editorial integrity and plans to continue doing so. Ng also said he is a direct and blunt-speaking person,
ST added.
The apology follows the online furore that Ng caused after he responded to a question posed by a Channel NewsAsia journalist in a stern manner. The journalist had asked about how the goals of the new constitution company and how the revenue will be used. Does this mean that the media business will now pivot to emphasise editorial integrity, for example, ahead of advertiser interest? she asked.
The Straits Times
Investors watching US economic data for signs of inflation, and Fed s response
With the exception of large techs, Wall Street continued to see gains with the Dow Jones rising another 2.7 per cent during the past week.PHOTO: AFP
https://str.sg/Jta7
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