Lights out for Singapore’s TODAY

2 years ago

Singapore’s Mediacorp announced the closure of its print edition of TODAY — the Lion City’s free national daily.

The move comes in light of the publication’s holistic digital migration which will see it become the first newspaper in Singapore to be housed solely online. 

In a report by Channel NewsAsia, Mediacorp will buy Singapore Press Holdings (SPH) minority shareholdings in it’s entertainment television and newspaper businesses. Both companies announced in a joint news release on Friday (Aug 25).

Valued at S$18 million, the purchase will involve Mediacorp buying SPH’s 20 per cent stake in Mediacorp TV Holdings, which owns Channels 5, 8 and U and Mediacorp Studios; and 40 per cent stake in Mediacorp Press, which operates TODAY newspaper.

The agreement comes 12 years after SPH purchased the stakes as part of a media industry asset consolidation in 2005.

Pulling the curtains on TODAY’s print edition will make about 40 jobs obsolete. However,  Mediacorp has that it will “explore options to redeploy the staff in these positions to other roles within the company” and offer severance packages and outplacement support in cases should that strategy not be applicable to certain cases.



Malaysian CMO Awards 2019 Open for nominations

Rewarding the Bold & the Brave

Held on the evening of the Conference, this award is to identify talent, transparency, tenacity and a take-charge attitude of deserving marketers. An eminent panel of industry leaders will decide on the winners. There are 30 categories at the Malaysian CMO Awards.

All entries across all 30 categories for the inaugural year is FREE. There is no reason why you should not nominate your pick for each category here.
The Deadline for nomination ends on 25th of October 2019

The 8th Malaysian CMO Conference & Awards

15th November 2019

The Grand Ballroom, Sime Darby Convention Centre, KL.

For further details on the awards, visit:
Awards Nomination Page