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Analysis: The writing was on the wall for SPH to spin off media biz, says industry

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07 May 2021
Singapore s Ministry of Communications and Information said it supports Singapore Press Holdings (SPH) proposal to transfer its media business, SPH Media, to a company limited by guarantee. SPH s flagship title
The Straits Times reported that the government is willing to offer funding support to the company to help build up capabilities for the future. The statement came following a shocking announcement yesterday by SPH where it announced the transference of its media business to a newly incorporated wholly-owned subsidiary, SPH Media Holdings. This involves the shift of its entire media-related businesses of SPH including relevant subsidiaries, relevant employees, News Centre and Print Centre along with their respective leaseholds, as well as all related intellectual property and information technology assets. SPH Media will eventually be transferred to a not-for-profit entity for a nominal sum, and the not- ....

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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 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 ). ....

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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. ....

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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. ....

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

SPH to restructure media business into not-for-profit entity amid falling revenue
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SPH to restructure media business into not-for-profit entity amid falling revenue
Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). Nadhir Mokhtar reports.
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07 May 2021 12:19AM)
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SINGAPORE: Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). ....

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