SPH to restructure media business into not-for-profit entity, says move will enable focus on quality journalism
May 06, 2021 Under the restructuring proposal, SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum. The Straits Times/ Gavin Foo Singapore Press Holdings (SPH) intends to transfer its media business to a not-for-profit company as part of a strategic review of its various businesses. Announcing the move on Thursday (May 6), SPH chairman Lee Boon Yang said the transfer will enable the media business to focus on quality journalism and invest in talent and new technology to strengthen its digital capabilities. The restructuring entails transferring all the medi...
Source: asiaone.com