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Singapore Press Holdings Limited (SPH) was an organisation with businesses in property and aged care in Singapore. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments. Prior to 1 December 2021, SPH was in the media business with a reach in the print, digital, radio, and outdoor media.
Singapore Press Holdings Limited (SPH) was formed on August 4, 1984, through a merger of three organisations, The Straits Times Press Group, Singapore News and Publications Limited and Times Publishing Berhad. [3] SPH readership has stagnated since the early-2000s, as Singaporeans increasingly turned to online media for their news consumption. [4]
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The company was founded by Singapore Press Holdings on 8 June 2000 in an investment worth $50 million, [3] and appointed local television industry veteran Lee Cheok Yew as its CEO. [1] The new company aimed not only at the conventional radio and television businesses, but also eyed a potential interest in the online sector. [ 4 ]
From 8 September 2016, the portal also presents news from two other Singapore Press Holdings Chinese-language newspapers, Lianhe Wanbao and Shin Min Daily News. [9] According to The Washington Post , "Zaobao's combined print and digital circulation in Singapore fell from 187,900 in 2015 to 144,000 in 2020, according to company filings."
On 8 January 2008, my Paper was relaunched as the first full-fledged bilingual newspaper in Singapore. [ 1 ] On 17 October 2016, Singapore Press Holdings announced a cut 10% of staff, [ 3 ] [ 4 ] [ 5 ] that My Paper and The New Paper (TNP) will merge to form a revamped TNP that will be distributed free from 1 December 2016.
First launched on 26 July 1988, by Singapore Press Holdings (SPH), it had an average daily circulation of 101,600 in August 2010, according to SPH. [2] In 1991, the paper organised the New Paper Big Walk, a mass-participation walking event. The event came to be held annually in Singapore.
On 10 November, Today was launched as a free newspaper to compete with Singapore Press Holdings' Streats. [171] The newspaper was owned by MediaCorp, Singtel, and SMRT, with DelGro pulling out two days earlier. [172] [173] Ernest Wong was appointed CEO of MediaCorp on 1 October 2000.