SINGAPORE – Singapore Press Holdings (SPH), which publishes The Straits Times, is restructuring its media business amid a trend of falling advertising revenues for newspapers around the world. We look at what’s behind the move.
What’s happening
On May 6, following a trading halt, SPH announced that it would transfer its media business to SPH Media Holdings, as part of a restructuring exercise meant to ensure the long-term sustainability of the media business.
With advertising earnings on the decline and expected to continue on a downward trajectory, it was no longer tenable for the media business to remain part of a publicly listed company, where it would be whittled down over time by market pressure and commercial constraints, said S…
Read the full article at: https://www.straitstimes.com/singapore/sph-restructuring-balancing-the-interests-of-all-stakeholders-at-heart-of-move