What does being not-for-profit mean for SPH Media: ST & Money FM Podcast

  • 15 Sep 2021

ST & Money FM Podcast: What does being not-for-profit mean for SPH Media 17:49 mins Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business. The move will pave the way for the formation of a new company limited by guarantee, while potentially unlocking shareholder value for the mainboard-listed company. In an interview with Money FM 89.3 on Wednesday (Sept 15), Mr Patrick Daniel, interim chief executive of SPH Media Trust, shares his thoughts about what becoming not-for-profit would mean for the company. He also talks about SPH Media's plans to continue to be a strong brand in Singapore. Host Elliot Danker and Bharati Jagdish speak with Mr Daniel on the following points: 1. Difference between a listed company and the newly-formed public company limited by guarantee, or CLG (2:21) 2. Why is it called SPH Media Trust and how clear is the purpose of this CLG? (6:21) 3. What were the problems affecting the media segment of SPH because it was part of a listed company? (8:17) 4. Quality journalism cannot be maintained in constant cost-cutting mode (11:13) 5. How SPH Media still needs to be financially viable while achieving purpose (13:04) 6. Talent and technology - cornerstones of the new SPH Media Trust (13:57) Discover Money FM 89.3 Podcasts: http://www.moneyfm893.sg/podcast/ Spotify: https://str.sg/JWVx Awedio app by SPH: https://www.awedio.sg/ Follow ST podcasts and rate us on: Channel: https://str.sg/JWVR Spotify: https://spoti.fi/2PwZCYU Apple Podcasts: https://apple.co/2Lu4rPP Google podcasts: http://str.sg/googlestbt Websites: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg  --- Discover more ST podcast series: Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE Life Weekend Picks Podcast: https://str.sg/JWa2 #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.