Singapore's SPH expands international reach<\/p>\n
Associated Press, Singapore<\/p>\n
Singapore Press Holdings (SPH), the country's main media group,
\nhas announced plans to buy a slew of regional magazines for
\nS$32.9 million (US$19.3 million) to bolster its ambitions to
\nexpand internationally.<\/p>\n
The media group said it would acquire several titles -
\nincluding Nuyou, Torque, and The Peak - from Blu Inc., a
\ndiversified Singapore-listed company, Singapore Press Holdings
\nsaid in statement to the Singapore Stock Exchange released on
\nlate Tuesday.<\/p>\n
The magazines are sold throughout East Asia, SPH said in its
\nstatement without naming the other publications. The deal should
\nbe finalized in September, it said.<\/p>\n
Singapore Press Holdings, which has a near monopoly on
\nnewspaper publishing in Singapore, already produces several
\nmagazine titles, including Her World, the island's top selling
\nmagazine, which is also published through joint ventures in
\nMalaysia, Thailand and China.<\/p>\n
In 2002, SPH struck a deal with China's state-controlled news
\nagency, Xinhua, to supply news to a Shanghai daily newspaper in
\nwhat it described as an \"unprecedented\" tie-up.<\/p>\n
Its main Chinese-language newspaper, Lianhe Zaobao, also
\nstarted printing an Indonesian edition this month.<\/p>\n
SPH's newspaper titles are supportive of the long-ruling
\nPeople's Action Party, and the government determines who controls
\nthe group.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/singapores-sph-expands-international-reach-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}