Iswaran was responding after delivering his Ministerial Statement on the restructuring of SPH’s media business to several questions posed by Leader of the Opposition Pritam Singh on the issue in Parliament.
The minister said that Singaporeans have a high level of trust in local media, as indicated in the results of surveys conducted by British market research firm YouGov, public relations agency Edelman and the Institute of Policy Studies. On government’s funding of the CLG, Iswaran said it is premature to discuss the issue as the restructuring of SPH’s media segment is pending approval by shareholders, and that the CLG management has to formulate long-term plans to sustain its business.following discussions with the SPH’s management shareholders, Iswaran said in the House.
But the announcement was overshadowed by SPH CEO Ng Yat Chung’s flustered response to a reporter’s question about the company’s goal of editorial integrity in relation to shareholders’ interest. Ng’s now infamoushas inspired memes and even business advertisements. He later apologised for his comment, according to a report by The Straits Times.
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