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BRIEF-Singapore Press Holdings updates on review of media business
October 17, 2016 / 10:01 AM / a year ago

BRIEF-Singapore Press Holdings updates on review of media business

Oct 17 (Reuters) - Singapore Press Holdings Ltd

* “SPH has made several transformative changes, including formation of a new integrated marketing division”

* Has undertaken a comprehensive review of its core media business

* SPH will also be making several changes to its existing portfolio

* SPH will be carrying out a right-sizing exercise across group to reduce operating costs

* “this will involve a staff reduction of up to 10% over two years”

* SPH will work with relevant unions to ensure that fair terms are given to affected staff

* “Market conditions will remain difficult with continuing disruption of media industry” Source text for Eikon: Further company coverage:

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