Interim CEO Patrick Daniel: What being not-for-profit means for SPH Media

SPH Media Trust interim CEO Patrick Daniel.
SPH Media Trust interim CEO Patrick Daniel.PHOTO: SPH

Money FM podcast: What does being not-for-profit mean for SPH Media

17:48 mins

Shareholders of Singapore Press Holdings (SPH) have overwhelmingly backed its plan to hive off its media business.

The move will pave the way for the formation of a new company limited by guarantee, while potentially unlocking shareholder value for the mainboard-listed company.

In an interview with Money FM 89.3 on Wednesday (Sept 15), Mr Patrick Daniel, interim chief executive of SPH Media Trust, shares his thoughts about what becoming not-for-profit would mean for the company. He also talks about SPH Media's plans to continue to be a strong brand in Singapore.

Host Elliot Danker and Bharati Jagdish speak with Mr Daniel on the following points:

1. Difference between a listed company and the newly formed public company limited by guarantee or CLG (2:30)

2. Why is it called SPH Media Trust and how clear is the purpose of this CLG? (6:20)

3. What were the problems affecting the media segment of SPH because it was part of a listed company? (8:25)

4. Quality journalism cannot be maintained in constant cost-cutting mode (11:20)

5. How SPH Media still needs to be financially viable while achieving purpose (13:13)

6. Talent and technology - cornerstones of the new SPH Media Trust (14:05)

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