Many governments helping their country’s media; SPH case no different: Shanmugam | Video

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Many governments helping their country’s media; SPH case no different: Shanmugam | Video

(Updated: )

Amid declining advertising revenue, many media companies around the world have been forced to find new sources of funding, including government support. This also applies in the latest Singapore Press Holdings (SPH) restructuring, Home Affairs and Law Minister K Shanmugam said on Saturday (May 8), pointing out that the business model of the company’s media arm “doesn’t work”. Neo Rong Wei reports.

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