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Newspaper publisher Singapore Press Holdings to transfer troubled media business into not-for-profit entity

Newspaper publisher Singapore Press Holdings to transfer troubled media business into not-for-profit entity CNBC 2 hrs ago Yen Nee Lee Singapore Press Holdings, a newspaper publisher and real estate company, said Thursday it will transfer its troubled media business into a not-for-profit entity. SPH was removed from the benchmark Straits Times Index last year. As of Wednesday s close, shares of SPH have risen roughly 58% this year. © Provided by CNBC Logo of Singapore Press Holdings (SPH). SINGAPORE Singapore Press Holdings, a newspaper publisher and real estate company, said Thursday it will transfer its troubled media business into a not-for-profit entity. The company s media business which includes English broadsheets The Straits Times and The Business Times, as well as Chinese newspaper Lianhe Zaobao have struggled with falling advertising revenues in recent years.

SPH to restructure media business into not-for-profit entity to support quality journalism

A not-for-profit structure will allow SPH Media to seek funding from public and private sources with a shared interest in supporting quality journalism.. Read more at straitstimes.com.

SPH to restructure media business into not-for-profit entity amid falling revenue | Video

SPH to restructure media business into not-for-profit entity amid falling revenue | Video
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Asean News Headlines as at 8pm on Thursday (May 6)

Malaysia: Ministry: No sports, recreational activities allowed in MCO areas for two weeks Malaysians in India to be flown back due to surge in Covid-19 cases there, says Hisham King congratulates Pandelela for FINA World Cup gold medal March manufacturing sales at 44-month high of RM126.9b Najib compounded RM3,000, chicken rice shop RM10,000 for SOP violations Fahmi Reza summoned by Kajang police over graphic depicting Health Minister March industrial output surges 9.3% on-year, highest since mid-2013 Universiti Malaya researchers among country s top highly cited Malaysia Airlines offers aircraft engineering training for SPM leavers Singapore: US$953mil Singaporean fund ensnared by alleged nickel fraud

MCI supports SPH s proposal to restructure media business, Govt prepared to provide funding support

The Straits Times MCI supports SPH s proposal to restructure media business, Govt prepared to provide funding support The Government is prepared to provide funding support to SPH Media s CLG to help it build capabilities for the future, said MCI. PHOTO: ST FILE https://str.sg/JtWg They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months.

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