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SPH restructuring will give better financial flexibility to maximise shareholder returns, says chairman Lee Boon Yang

SPH restructuring will give better financial flexibility to maximise shareholder returns, says chairman Lee Boon Yang
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.

Lee boon yangMedia holdingsSingapore press holdingPrinting presses actLee boonJobs support schemeலீ வரம் யாங்மீடியா ஹோல்டிங்ஸ்சிங்கப்பூர் ப்ரெஸ் வைத்திருத்தல்பிரிந்த்ிங் ப்ரெஸஸ் நாடகம்லீ வரம்வேலைகள் ஆதரவு திட்டம்

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.

Singapore generalUnited kingdomSouth koreaSouth koreanLee boon yangStraits timesMedia holdings pte ltdMinistry of communicationsNews centrePrinting pressesPoynter instituteSingapore press holdingsPress holdingsSprint centreHoldings pte ltdStraits times press

SPH shifts media business to not-for-profit entity amidst falling ad revenue

The exercise involves transferring the entire media-related businesses of SPH including relevant subsidiaries, relevant employees, News Centre and Print Centre along with their respective leaseholds.

United kingdomLee boon yangMedia holdingsMinistry of communicationsNews centrePoynter institutePrinting pressesSingapore press holdingsSprint centreJobs support schemeScott trustTampa bay timesPrinting presses actLee boon yangSingapore press holdingsஒன்றுபட்டது கிஂக்டம்

UPDATE 1-Singapore Straits Times publisher to hive off media business

UPDATE 2-Singapore Straits Times publisher to hive off media business Reuters 5/6/2021 Popular Searches Government supports SPH s restructuring proposal (Adds government comment paragraph 4) SINGAPORE, May 6 (Reuters) - Singapore Press Holdings Ltd (SPH), which publishes the city-state s main newspaper, said on Thursday it would transfer its media business to a not-for-profit company as the unit struggles with falling advertising revenue and losses. SPH said the separation would allow the eventual not-for-profit media arm, which would include publications such as The Straits Times and Chinese newspaper Lianhe Zaobao, to secure funding from a range of public and private sources. Such funding could include additional financial support from the government, Chairman Lee Boon Yang said in comments reported by The Straits Times.

Lee boon yangPriya sharmaLianhe zaobaoKrishna chandra eluriAradhana aravindanSingapore press holdings ltdTemasek holdingsPress holdings ltdStraits timesChairman lee boon yangMartin pettyலீ வரம் யாங்ரியா ஷர்மாஆராதனா அரவிந்தன்சிங்கப்பூர் ப்ரெஸ் ஹோல்டிங்ஸ் லிமிடெட்தேமாஸேக் ஹோல்டிங்ஸ்

SPH CEO Ng Yat Chung takes umbrage at reporter s editorial integrity question

SPH CEO Ng Yat Chung takes umbrage at reporter s editorial integrity question SINGAPORE Singapore Press Holdings (SPH) chief executive officer Ng Yat Chung took offence to a reporter s question about SPH s goal of editorial integrity at a news conference on Thursday (6 May) to announce plans to spin off the conglomerate s ailing media business. Ng, who became SPH CEO in 2017, was responding to a question fielded by a CNA digital reporter who asked if the plans would mean the media business would pivot to emphasise editorial integrity ahead of advertiser interests. The move to restructure SPH s media business comes as its core segment s revenue and profit continued to plunge amid falling advertisement revenue.

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