Singapore Press Holdings (SPH) will be re-organising and re-naming its two newspaper divisions. The proposed changes will take effect from 1 January 2015.
The English & Malay Newspapers Division will be renamed English/Malay/Tamil Media group. It will comprise not only the print and digital operations of The Straits Times and other titles like The Business Times, The New Paper, Berita Harian and My Paper (English section), but also several media-related subsidiaries. The subsidiaries transferred are:
- Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!
- book publishing arm Straits Times Press;
- SPH Data Services, which licenses the use of the Straits Times Index, in partnership with the Singapore Exchange and FTSE Ltd;
- financial data company ShareInvestor
- the two English stations of SPH Radio (Kiss 92 and HOT FM).
The Chinese Newspapers Division will be renamed Chinese Media group. Besides its three Chinese newspapers (Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News), its four student weeklies (zbCOMMA, Thumbs Up, Thumbs Up Junior and Thumbs Up Little Junior), ZbBz Newsgazine and My Paper (Chinese section), it will incorporate the following:
- SPH Radio's Chinese radio station, UFM100.3
- Focus Publishing, which produces a range of books and magazines including U-Weekly
The transferred subsidiaries were previously accounted for under the "Others" business segment of SPH
Alan Chan, chief executive officer of SPH, said: "The whole nature of our media business has changed profoundly. The renaming of the divisions better reflects the transformation that all our newsrooms have gone through in the past year to become integrated operations, producing both print and digital output across all platforms throughout the day. The transfer of our media-related subsidiaries is aimed at facilitating growth of our media adjacencies and new lines of business. I am pleased that all our newsrooms and subsidiaries have embraced the changes."
There will be no change to the staffing and leadership of the two groups and in the various newsrooms and subsidiaries, said the company.