Singapore Press Holdings Ltd will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue.
Announcing the move, SHP said the exercise involves transferring its entire media-related businesses to a newly incorporated wholly owned subsidiary, SPH Media Holdings Pte Ltd...
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Singapore Press Holdings to restructure media business into not-for-profit entity | Malay MailSINGAPORE, May 6 — The Singapore Press Holdings (SPH) will be restructuring its media business into a not-for-profit entity amid falling advertising revenue. With this move — which is expected to be fully completed by October, subject to shareholders’ approval — SPH’s media...
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