SPH to divest stakes in Mediacorp TV and Press while Today newspaper will go fully digital
Singapore Press Holdings plans to divest its 20 per cent stake in Mediacorp TV and 40 per cent stake in Mediacorp Press, the publisher of the Today newspaper, for $18 million, the firm said on Friday (Aug 25). The proposed divestment follows Mediacorp’s decision to cease the print edition of Today.
http://www.straitstimes.com/business/companies-markets/sph-to-divest-stakes-in-mediacorp-tv-and-press-while-today-newspaper-will
http://www.channelnewsasia.com/news/singapore/today-newspaper-to-cease-print-edition-go-fully-digital-9157872
Hopefully, SGCM and MCF aren't next on the block.