Singapore Press Holdings

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Singapore Press Holdings
Type Public company
Traded as SGX: T39
Industry Publishing, television, radio
Founded 1 January 1984
Headquarters Singapore
Key people Dr Lee Boon Yang (chairman)
Chan Heng Loon Alan (CEO)
Products Publications
Website SPH Homepage

Singapore Press Holdings Limited (SPH; Chinese: 新加坡报业控股) is a media organisation in Singapore with businesses in print, Internet and new media, television and radio, outdoor media, and property. SPH has over 4,000 employees, including a team of approximately 1,000 journalists, including correspondents operating around the world. The company is one of the country's "blue-chip" counters on the Singapore Stock Exchange, and makes about S$480–500 million worth of profits every year.

History

Singapore Press Holdings Limited was formed on 1 January 1984 through a merger of three organisations, The Straits Times Press, Singapore News and Publications Limited and Times Publishing Berhad.

In 2009, SPH celebrated its 25th anniversary and for the first time, changed its corporate logo. The new logo was launched on 30 March 2009 by former President S. R. Nathan and chairman Tony Tan Keng Yam.

Ownership

Like all newspaper companies in Singapore, SPH is regulated by the Newspaper and Printing Presses Act of 1974 and issues both management and ordinary shares. As specified by the act all issues and transfers of management shares have to be approved by the Ministry of Information, Communications and the Arts, and in "any resolution relating to the appointment or dismissal of a director or any member of the staff" the vote of one management share is equivalent to 200 ordinary shares.

There are close ties between the directors of SPH and the Singapore Government. S. R. Nathan, Director of the Security and Intelligence Division and later President of Singapore served as SPH's Executive chairman from 1982 to 1988 and the first President (1994–2002) of SPH was Tjong Yik Min, former chief of the Internal Security Department. The immediate former Chairman of SPH, Tony Tan was Deputy Prime Minister of Singapore from 1994 to 2005 and President of Singapore from 2011–present.

Dr Lee Boon Yang is the current chairman of Singapore Press Holdings.

Newspapers

In Singapore, SPH publishes 18 newspaper titles in four languages. On an average day, 3.05 million individuals or 76 per cent of people above 15 years old, read one of SPH's news publications.

English

Chinese

Malay

Tamil

TODAY

SPH has 40% joint management with MediaCorp which publishes the free newspaper TODAY.

Magazines

SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology.

  • Action Asia
  • Asia-Pacific Boating
  • AsiaSpa
  • China Boating
  • Eh!
  • Female
  • Female Brides
  • GameAxis Online
  • Glam
  • Golf Digest
  • Hardware Mag
  • Her World
  • Her World Brides
  • Home & Decor
  • ICON
  • ICON Moments
  • JET Asia-Pacific
  • LP Luxury Properties
  • Marie Claire
  • Men's Health
  • Nuyou
  • Nuyou Time
  • People at the Peak
  • Seventeen
  • Shape
  • Simply Her
  • The Peak
  • The Peak Selections Timepieces
  • Torque
  • www.hardwarezone.com
  • Young Parents
  • Young Parents Preschool Guide

Internet and mobile

Beyond print, the Internet editions of SPH newspapers enjoy over 300 million page views with 20 million unique visitors every month. Apart from AsiaOne, SPH's online and new media initiatives include ST701, the leading online marketplace for jobs (STJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds); Stomp, omy.sg and The Straits Times RazorTV. SPH also launched The Straits Times' iPad and enhanced iPhone applications, an Android smartphone application and The Business Times' iPad and smartphone applications. SPH's Chinese flagship newspaper Lianhe Zaobao has also launched its digital editions which include a web application, as well as online and PDF versions.

Other businesses

SPH MediaWorks Ltd

On 6 June 2000, SPH MediaWorks was set with the aim of breaking into the broadcasting business, and received Singapore's second nationwide free-to-air terrestrial television broadcasting service licence on 6 May 2001. SPH soon afterwards launched two channels, Channel U (Mandarin) and Channel i (English). On 31 December 2004, SPH sold its television operation to MediaCorp, restoring its former monopoly status. Channel i was shut down on 1 January 2005, but Channel U continues to operate. Through a merger, SPH retains a 20% stake in MediaCorp's television operational, as well as 40% stake in Today newspaper.

Broadcasting

In the radio business, SPH has an 80 per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations UFM 100.3 in Mandarin, as well as Kiss92 and HOT FM91.3 in English. SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

M1 Limited

SPH Multimedia Ltd has 13.94% shareholding in M1 Limited and has a joint venture with Axiata (Malaysia) and Keppel Telecoms.

Events and out-of-home advertising

SPH's events arm Sphere Exhibits organises innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region. In addition, SPH has ventured into out-of-home (OOH) advertising through its digital out-of-home platform SPHMBO.

Publishing

SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.

Property

SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its second retail development, The Clementi Mall, started business operations in 2011. SPH's wholly owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road. SPH's latest retail development project, The Seletar Mall, is slated for completion by end 2014.

References

External links