Mainboard-listed SPH publishes national broadsheet The Straits Times as well as dailies in Chinese, Malay and Tamil, along with other print and digital products.Despite total circulation holding steady, with digital circulation growing to offset the fall in print circulation, the profit margins of SPH's media business have narrowed considerably over the years, MCI said.
In the statement, Minister for Communications and Information S Iswaran said that having a"professional, capable and respected local news media" is critical to Singapore's national interest. “Our goal is to help the local news media and our journalists adapt and thrive in the digital era while maintaining the high professional standards we expect and value. The Government is also prepared to provide SPH Media with funding support, with fiscal discipline and accountability for outcomes in areas like digital innovation and capability development, as part of a long-term sustainable business plan.
That’s what they want
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