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Minister for Communications and Information Josephine Teo on Tuesday responded in Parliament to questions from several MPs on the new not-for-profit entity SPH Media Trust. Here is an edited excerpt.
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Minister for Communications and Information Josephine Teo on Feb 15 responded in Parliament to questions from several MPs on SPH Media Trust.
PHOTO: GOV.SG
Josephine Teo
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In May last year, Singapore Press Holdings Limited announced the restructuring of its media business to a not-for-profit entity. The restructuring process is complete, and the new SPH Media Trust (SMT) shared its plans with the public about two weeks ago.
The Ministry of Communications and Information (MCI) has worked closely with SMT to understand the challenges it faces. Readership and trust in SMT's journalism continue to be high. Based on a survey last year, SMT's weekly reach extends to almost 75 per cent of Singaporeans. Three in four Singaporeans trust SMT to produce reliable news and content.
