| Type | Public SGX: T39 |
|---|---|
| Industry | Publishing, Television, Radio |
| Founded | 1 January 1984 |
| Headquarters | Singapore |
| Key people | Dr Cham Tao Soon (Acting Chairman) Chan Heng Loon Alan (CEO) |
| Products | Publications |
| Website | SPH Homepage |
Singapore Press Holdings Limited (SPH) (Chinese: 新加坡报业控股) is a media organisation in Singapore with businesses in print, Internet and new media, television and radio, outdoor media, and property. SPH has over 4,000 employees, including a team of approximately 1,000 journalists, including correspondents operating around the world. The company is one of the country's "blue-chip" counters on the Singapore Stock Exchange, and makes about S$480-500 million worth of profits every year.
Contents |
Singapore Press Holdings Limited was formed on 1 January 1984 through a merger of three organisations, The Straits Times Press, Singapore News and Publications Limited and Times Publishing Berhad.
In 2008, SPH celebrated its 24th anniversary and for the first time, changed its corporate logo. The new logo was launched on 1 January 2008 by Former President S R Nathan and Chairman Tony Tan Keng Yam.
Like all newspaper companies in Singapore, SPH is regulated by the Newspaper and Printing Presses Act of 1974 and issues both management and ordinary shares. As specified by the act all issues and transfers of management shares have to be approved by the Ministry of Information, Communications and the Arts, and in "any resolution relating to the appointment or dismissal of a director or any member of the staff" the vote of one management share is equivalent to 200 ordinary shares.
There are close ties between the directors of SPH and the Singapore Government. S R Nathan, Director of the Security and Intelligence Division and later President of Singapore served as SPH's Executive Chairman from 1982 to 1988 and the first President (1994–2002) of SPH was Tjong Yik Min, former chief of the Internal Security Department. The immediate former Chairman of SPH, Tony Tan was Deputy Prime Minister of Singapore from 1994 to 2005 and President of Singapore from 2011-present.
Dr Lee Boon Yang, currently a director, will become the next chairman of Singapore Press Holdings if he is re-elected in the December 2011 AGM.[1]
In Singapore, SPH publishes 18 newspapers in four languages: English, Chinese, Malay and Tamil.
SPH has 40% joint management with MediaCorp which publishes the free newspaper TODAY.
SPH Magazines publishes more than 100 magazines titles in Singapore and the region.
|
|
|
SPH's presence on the Internet includes the online editions of its key newspapers, which has more than 263 million page views with 18 million visitors every month. SPH also operates an online classifieds portal ST701; STOMP (Straits Times Online Mobile Print) a Web/phone portal; and omy.sg (bilingual news and interactive portal)
As part of SPH's push towards the Internet, its local search subsidiary SPH Search Pte Ltd launched rednano.sg, a localised search and directory engine for Singapore on 1 January 2008. The site is a venture between SPH and Schibsted Group with SPH holding a 80.1% share. Rednano was merged into ST701 in November 2010.
On 6 June 2000, SPH MediaWorks was set with the aim of breaking into the broadcasting business, and received Singapore's second nationwide free-to-air terrestrial television broadcasting service licence on 6 May 2001. SPH soon afterwards launched two channels, Channel U (Mandarin) and Channel i (English). On 31 December 2004, SPH sold its television operation to MediaCorp, restoring its former monopoly status. Channel i was shut down on 1 January 2005, but Channel U continues to operate. Through a merger, SPH retains a 20% stake in MediaCorp's Channel 5, Channel 8 and Channel U, as well as 40% stake in Today newspaper.
SPH Radio Broadcasting Arm was set up in 2001 as a 50-50 joint venture between SPH Multimedia and NTUC Media. Currently the company is a 80-20 joint management which operates contemporary hit radio station 91.3FM as well as Chinese language station Radio 1003.
SPH Multimedia Ltd has 13.94 % shareholding in M1 Limited and has a joint venture with Axiata (Malaysia) and Keppel Telecoms.
SPH MediaBoxOffice is an outdoor motion display advertising network media company with five large LED screens at locations, 600 plasma & LCD screens island wide, and large-format billboards at the heart of the city. In addition, SPH at one time held a 35% stake in TOM Outdoor Media Group an outdoor advertising company in China, which it then sold for HK$60 million in 1 January 2008.
SPH owns and manages Paragon, a retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. SPH has also developed Sky@eleven, a 43-storey upmarket residential condominium on its former Times Industrial Building site at Thomson Road. Its latest retail development, The Clementi Mall, started business operations in 2011.
|
|||||||||||||||||||||||||||||||||||