Singapore Press Holdings plans to divest its 20 per cent stake in Mediacorp TV (which owns Channels 5, 8 and U and Mediacorp Studios) and 40 per cent stake in Mediacorp Press, the publisher of the Today newspaper, for $18 million, the firm said on Friday (Aug 25).
SPH expects to record a writedown of about $31 million in its books. The deal is likely to be completed at the end of September.
The deal comes 12 years after SPH purchased the stakes as part of a media industry asset consolidation in 2005. During the consolidation, SPH transferred a TV channel to Mediacorp and took a 20 per cent stake in Mediacorp TV.
SPH also merged its free newspaper Streats with Today, and invested in a 40 per cent stake in Mediacorp Press.
As part of the deal announced on Friday, Mediacorp will also stop publishing any soft copy or computer-readable format of Today that has the look and feel of a hardcopy version of the newspaper, for a period of five years.
By Boon Chan
The range and quality of local media content last year were generally good, say the Programme Advisory Committees (PAC), which have issued their third annual report to the Infocomm Media Development Authority.
But the four committees – one for each of the official languages – also called for improvements in scripting and technical standards in Mediacorp Channel 5 and Suria dramas.
Well-made programmes singled out for mention include Channel 5 game show Don’t Forget To Remember, Channel U child labour documentary Lost Innocence, Suria drama Aduh… Bibikku! (Oh… My Maid!) and Vasantham current affairs series Ethiroli (Echo).
The PAC also paid attention to local broadcaster Mediacorp’s online content platform Toggle.
While there have been “vast improvements” made to the Toggle platform, including push notifications for episode updates, more needed to be done, including better streaming quality.
Source: Straits Times
RBKD: In IMDA’s report released on Thursday (Aug 24), it said the PACs (Programme Advisory Committees) noted greater diversity in drama themes, with some featuring subject matters that were topical, educational and even taboo. For example, The Strength Within by Vasantham covered mental health issues – a topic rarely explored in Tamil dramas, IMDA said.
It also noted that previous concerns on the “over-reliance on dark themes” such as vengeance and revenge in Tamil storylines have been addressed “with an injection of greater thematic diversity”.
Peace and Prosperity (Channel 8) was also highlighted for its inclusion of multi-racial characters which “resulted in a more balanced portrayal of Singapore society”, IMDA said.
RBKD: Mediacorp has announced the appointment of Ms Tham Loke Kheng as its CEO, starting Sep 1. Ms Tham succeeds Mr Shaun Seow, who remains as Mediacorp’s Executive Director until Sep 30 before he joins Temasek.
Ms Tham has held senior management and leadership roles in leading Asian operators in Singapore, Taiwan and most recently, Hong Kong.
Graduating from the National University of Singapore, Ms Tham spent eight years in then Singapore Broadcasting Corporation. She has served as president of Taiwan Broadband Communications and as head of NOW TV, the largest Pay TV operator in Hong Kong.
In 2015, Ms Tham was named Content Asia’s Asia Media Woman of the Year, in recognition of her contribution to the development of the Pay TV industry in Asia over the years.
RBKD: CNA reported that Mediacorp’s CEO, Mr Shawn Seow, will be leaving Mediacorp for Temasek holdings, after becoming Mediacorp’s CEO in 2011. He will serve his term till Sep 30, 2017 and Mediacorp is in search of his successor currently.
By Boon Chan
Local broadcaster Mediacorp’s deputy chief executive officer Chang Long Jong will be quitting the company after three decades to join Singapore-headquartered entertainment company mm2 Asia as its new group chief executive officer.
Mm2 Asia announced this on Tuesday (Jan 10) and Mr Chang will be taking up his new job from April 3.
He is currently the deputy chief executive officer and chief customer officer at Mediacorp, where he oversees its major media assets including television, radio, newspaper, magazines and streaming service Toggle. He also leads the company’s events business, Vizpro, and training business, Singapore Media Academy.
Mr Chang, 56, had joined the broadcaster, then called Singapore Broadcasting Corporation, in 1985.
Source: Straits Times
RBKD: Mr Chang Long Jong, Mediacorp’s deputy CEO and chief customer officer, has resigned and is currently serving his three-month notice period.
Mediacorp’s CEO Shaun Seow had announced in a memo to staff today. Mr Seow announced the position of deputy CEO will not be filled. He also shared that Mr Chang’s post of chief customer officer will be taken by Ms Debra Soon who is also head of the Family (English) and Premier Segments.
Mr Chang has been with Mediacorp for more than 30 years, joining the then the Singapore Broadcasting Corporation (SBC) in 1985.
新传媒高级副总裁袁树伟 面对全球竞争 本地剧可避短扬长
RBKD: According to the annual Nielsen Media Index Report released today, 85.5% of local viewers tuned in to free-to-air television on an average weekly basis versus 51.7% who tuned in to pay TV weekly.
The survey, which involved 4,660 people of age 15 and above, was conducted between July 2015 to June 2016
Channel 8 maintained the highest weekly reach among Mediacorp’s channels at 56.7 per cent, or 2.4 million viewers.
All Mediacorp’s free-to-air TV channels, except for Okto, registered increases in viewership with overall TV viewership growing 6% from the previous year.
The survey also revealed monthly usage of internet at 83.3%.