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 Centre for Independent Journalism, Gerakan Media Merdeka and the National Union of Journalists Malaysia highlighted several issues that have a chilling effect on media freedom in Malaysia.
The New Paper
Govt supports SPH plan to hive off media business
SPH chairman Lee Boon Yang said SPH serves to provide news and information to Singapore s diverse ethnic communities. TNP PHOTO: GAVIN FOO
TNP PHOTO: GAVIN FOO
GRACE HO, SENIOR POLITICAL CORRESPONDENT
May 07, 2021 06:00 am
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Singapore Press Holdings (SPH), which publishes The Straits Times, has received the support of the Government for its plan to hive off its media business into a new company limited by guarantee (CLG), as part of SPH s ongoing strategic review.
Announcing the move yesterday, 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.
As ad revenues fall, SPH restructures media business into not-for-profit entity asiaradiotoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaradiotoday.com Daily Mail and Mail on Sunday newspapers.
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 media-related businesses including relevant subsidiaries, employees, News Centre and Print Centre along with their respective leaseholds, all related intellectual property and information technology assets to a newly incorporated wholly-owned subsidiary, SPH Media Holdings Pte Ltd ( SPH Media ).