Saying they were negatively surprised by the year-on-year decline in media revenue at SPH, CGS CIMB recently said that Singapore Press Holdings is now anchored by property. The finance company pointed out that “SPH reported 2Q19 core PATMI of S$28.7m, which fell 29% yoy, mainly due to lower media topline (print ad sales -S$14.1m, circulation revenue -S$3.2m) … Continue reading Singapore Press Holdings is now anchored by property, not media