SPH to restructure media business into not-for-profit entity
Singapore — Singapore Press Holdings (SPH) has announced that it intends to transfer its media business to a not-for-profit company. The SPH announcement on Thursday (May 6) follows shareholder calls to spin off the media business plagued by declining advertising revenue. The company, which posted hundreds of millions of dollars in profits annually till 2019, … Continue reading SPH to restructure media business into not-for-profit entity
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