Losses of RM10mil contributed to TMI closure

Ho thumb

(Marketingmagazine.com.my) – The Edge Media Group (TEMG) disclosed yesterday that The Malaysian Insider (TMI) news portal will cease operation with immediate effect.


“Despite the fact that TMI is one of the top three news portals based on traffic in Malaysia, it did not receive enough commercial support to keep it going,” said Group Chief Executive Officer and Publisher The Edge Communications Sdn Bhd Ho Kay Tat.

“In the 20 months since acquiring TMI in June 2014, TEMG has incurred losses of around RM10 million and we are no longer in a position to keep it going,” he said.

After announcing that TEMG would be disposing off TMI as part of a restructuring exercise, TEMG was approached by three external parties of whom all had existing media businesses and also an offer for a management buy-out (MBO).
“Unfortunately, we were unable to reach an agreement with any of the external parties as well as for the MBO to take place,” he said.

“We believe the recent problems TMI had with The Malaysian Communications and Multimedia Commission (MCMC) had made it more difficult for a sale to be concluded even though discussions had started before that,” he added.

“The closure of TMI should serve as a reminder to those of us in the media industry as well as the public at large that good journalism cannot be sustained without commercial support. When good journalism stops, society is the loser,” he said.


appiesmalaysiasignoffEnter the prestigious APPIES Malaysia Marketing Awards today!

Known as the ‘TED for Marketing’, campaign entries are presented by their brand marketers or campaign creators in an interactive format comprising of a 4-minute creative reel summarising the overall marketing campaign, followed by a 6-minute oral presentation highlighting significant aspects of the campaign, and finally a Q&A with the audience.

Entrant campaigns must have run between 1 January 2015 and 29 February 2016 in any of these categories:

1. Consumer Durables

2. Consumer Services

3. Food and Beverage

4. Non-food FMCG

5. Business Services

6. Government, Cultural, Social and Environmental campaigns.

Top brands including P&G, Mondelez International, Coca-Cola, Google, IKEA, IBM,
Unilever, Amazon, Shangri-La Hotels & Resorts and Asia Pacific Breweries have
all won at the APPIES over the years. Will your Brand or Agency be next?

Download details and your Entry Kit here: 

Closing Date: 31 March, 2016

All entries are to be submitted to [email protected] via file transfer protocol.





MARKETING Magazine is not responsible for the content of external sites.

The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.

This is the only event where Live Presentations meets Live Judging.

Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.

This year’s winners will receive Gold, Silver or Bronze trophies for 21 categories, and 6 special Best of Best categories (red trophies) that require no submissions!

Campaign entries must have run between June 2023 to May 2024

Submissions Deadline
30th June 2024

APPIES Festival – Judging & Presentations
11th – 12th July 2024 (Malaysia)


Download Event PDF
Submit Entries Here

Subscribe to our Telegram channel for the latest updates in the marketing and advertising scene