October 17, 2016 / 10:01 AM / 10 months ago

BRIEF-Singapore Press Holdings updates on review of media business

Oct 17 (Reuters) - Singapore Press Holdings Ltd

* "SPH has made several transformative changes, including formation of a new integrated marketing division"

* Has undertaken a comprehensive review of its core media business

* SPH will also be making several changes to its existing portfolio

* SPH will be carrying out a right-sizing exercise across group to reduce operating costs

* "this will involve a staff reduction of up to 10% over two years"

* SPH will work with relevant unions to ensure that fair terms are given to affected staff

* "Market conditions will remain difficult with continuing disruption of media industry" Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below