The New Paper (TNP) has ceased its Saturday edition to become a five-day publication on print and online platforms. This comes two years after Singapore Press Holdings (SPH) merged TNP with My Paper in 2016 to form a revamped TNP, which is distributed for free.
The merger saw staff reduction of up to 10% over two years through attrition, retirement, non-renewal of contracts, outplacement and retrenchment. According to Warren Fernandez, editor-in-chief of English/Malay/Tamil Media group, the merger was a “bold decision” to serve its readers with a strong product and with revamped content. He added that it is part of TNP‘s DNA to remake itself to stay attuned to readers’ interests and needs.
“A large percentage of our readers are PMETs who work five-day work weeks. Furthermore, Saturday travel patterns of readers are getting more varied as people go about their weekend activities. Hence, we have decided to focus our resources on weekdays to give our readers the best of news and lifestyle stories,” Eugene Wee, editor of TNP, said.
TNP is not the only newspaper to have undergone a merger. Last year, SPH merged The Straits Times Business (ST) and The Business Times (BT) to form a combined business team for content. According to an internal memo seen by Marketing, Fernandez wrote that the new team will be tasked with supplying business content to ST, BT and Money FM 89.3, one of the two new radio stations slated to launch this month.
Additionally, ST’s technology news will be shifted to the Life section, while BT’s weekend magazine, which currently runs on Saturdays, will be distributed with the main papers on Friday, beginning this year. BT’s Friday publication will also be revamped to carry weekend features such as car reviews and person columns.
Ivan Wong heads to Mediacorp from SPH to lead agency relations
SPH sees 8.2% dip in revenue, looks to ‘rejuvenate, reinvent and reposition’
SPH’s Chinese Media Group restructures editorial team to form NewsHub
SPH brings forward 10% staff reduction plan, over 200 jobs affected
SPH tipped to make job cuts, industry players mull its future
SPH tipped to merge The New Paper and My Paper