SPH to restructure media business into not-for-profit entity

BernamaPublished: May 6, 2021 5:52 AM

Singapore Press Holdings Ltd (SPH) 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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