SPH well-poised to ride digital media growth: Chairman
Singapore Press Holdings (SPH) is well poised to take advantage of the continued growth of digital media with its new online and mobile offerings, said chairman Lee Boon Yang this morning.
Dr Lee told the media giant's annual general meeting at SPH News Centre: "The Straits Times, Lianhe Zaobao, The Business Times Weekend and various SPH Magazines' titles all launched apps for smartphones and tablets. Readers can look forward to more mobile apps in the pipeline."
Dr Lee said SPH's core newspaper business "maintained its strength despite the numerous external challenges".
For instance, he noted that The Straits Times and The Sunday Times posted year-on-year growth in total circulation of 4.9 per cent, or 17,600 copies, to 373,900 copies. He added: "This was a result of the inclusion of paid digital replica copies as part of the ST circulation."